This property looks like a bad Long-Term investment with a projected -12.05% first-year return on $67,011 initial cash invested.
-12.05%
Cash On Cash
4.2%
Cap Rate
0.66
DSCR
$1,840
Rent
-$673
Cashflow
Cash Flow
$1,840 income − $2,513 expenses = $673 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,011
Downpayment
20%
$63,820
Closing costs
1%
$3,191
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,840
Total Expenses
$2,513
Mortgage P&I
92%
$1,698
Property Taxes
12%
$225
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0