This property looks like a bad Long-Term investment with a projected -6.89% first-year return on $66,486 initial cash invested.
-6.89%
Cash On Cash
5.64%
Cap Rate
0.85
DSCR
$2,449
Rent
-$382
Cashflow
Cash Flow
$2,449 income − $2,831 expenses = $382 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,486
Downpayment
20%
$63,320
Closing costs
1%
$3,166
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,449
Total Expenses
$2,831
Mortgage P&I
71%
$1,749
Property Taxes
14%
$332
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0