This property looks like a bad Long-Term investment with a projected -7.9% first-year return on $66,990 initial cash invested.
-7.9%
Cash On Cash
5.27%
Cap Rate
0.8
DSCR
$1,979
Rent
-$441
Cashflow
Cash Flow
$1,979 income − $2,420 expenses = $441 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,990
Downpayment
20%
$63,800
Closing costs
1%
$3,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,979
Total Expenses
$2,420
Mortgage P&I
88%
$1,744
Property Taxes
2%
$49
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0