This property looks like a bad Long-Term investment with a projected -4.14% first-year return on $66,990 initial cash invested.
-4.14%
Cash On Cash
5.9%
Cap Rate
0.93
DSCR
$2,135
Rent
-$231
Cashflow
Cash Flow
$2,135 income − $2,366 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,990
Downpayment
20%
$63,800
Closing costs
1%
$3,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,135
Total Expenses
$2,366
Mortgage P&I
79%
$1,692
Property Taxes
0%
$6
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0