This property looks like a bad Long-Term investment with a projected -6.19% first-year return on $66,465 initial cash invested.
-6.19%
Cash On Cash
5.37%
Cap Rate
0.86
DSCR
$2,299
Rent
-$343
Cashflow
Cash Flow
$2,299 income − $2,642 expenses = $343 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,465
Downpayment
20%
$63,300
Closing costs
1%
$3,165
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,299
Total Expenses
$2,642
Mortgage P&I
72%
$1,645
Property Taxes
12%
$287
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0