This property looks like a bad Long-Term investment with a projected -3.8% first-year return on $66,633 initial cash invested.
-3.8%
Cash On Cash
6.26%
Cap Rate
0.95
DSCR
$2,582
Rent
-$211
Cashflow
Cash Flow
$2,582 income − $2,793 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,633
Downpayment
20%
$63,460
Closing costs
1%
$3,173
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,582
Total Expenses
$2,793
Mortgage P&I
67%
$1,736
Property Taxes
11%
$271
Home Insurance
4%
$115
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0