This property looks like a bad Long-Term investment with a projected -13.84% first-year return on $66,507 initial cash invested.
-13.84%
Cash On Cash
4.11%
Cap Rate
0.62
DSCR
$1,982
Rent
-$767
Cashflow
Cash Flow
$1,982 income − $2,749 expenses = $767 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,982
Total Expenses
$2,749
Mortgage P&I
88%
$1,753
Property Taxes
19%
$369
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0