This property looks like a bad Long-Term investment with a projected -8.66% first-year return on $66,507 initial cash invested.
-8.66%
Cash On Cash
4.83%
Cap Rate
0.77
DSCR
$2,087
Rent
-$480
Cashflow
Cash Flow
$2,087 income − $2,567 expenses = $480 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,507
Downpayment
20%
$63,340
Closing costs
1%
$3,167
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,087
Total Expenses
$2,567
Mortgage P&I
79%
$1,651
Property Taxes
12%
$260
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0