This property looks like a bad Long-Term investment with a projected -14.92% first-year return on $66,339 initial cash invested.
-14.92%
Cash On Cash
3.72%
Cap Rate
0.57
DSCR
$1,530
Rent
-$825
Cashflow
Cash Flow
$1,530 income − $2,355 expenses = $825 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,339
Downpayment
20%
$63,180
Closing costs
1%
$3,159
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,530
Total Expenses
$2,355
Mortgage P&I
113%
$1,728
Property Taxes
8%
$115
Home Insurance
8%
$115
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0