This property looks like a bad Long-Term investment with a projected -12.46% first-year return on $66,444 initial cash invested.
-12.46%
Cash On Cash
4.3%
Cap Rate
0.66
DSCR
$1,883
Rent
-$690
Cashflow
Cash Flow
$1,883 income − $2,573 expenses = $690 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,444
Downpayment
20%
$63,280
Closing costs
1%
$3,164
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,883
Total Expenses
$2,573
Mortgage P&I
92%
$1,730
Property Taxes
12%
$233
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0