This property looks like a bad Long-Term investment with a projected -14.74% first-year return on $67,074 initial cash invested.
-14.74%
Cash On Cash
3.75%
Cap Rate
0.58
DSCR
$2,198
Rent
-$824
Cashflow
Cash Flow
$2,198 income − $3,022 expenses = $824 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,074
Downpayment
20%
$63,880
Closing costs
1%
$3,194
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,198
Total Expenses
$3,022
Mortgage P&I
78%
$1,713
Property Taxes
28%
$615
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0