This property looks like a bad Long-Term investment with a projected -4.71% first-year return on $66,465 initial cash invested.
-4.71%
Cash On Cash
5.5%
Cap Rate
0.91
DSCR
$2,240
Rent
-$261
Cashflow
Cash Flow
$2,240 income − $2,501 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,465
Downpayment
20%
$63,300
Closing costs
1%
$3,165
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,240
Total Expenses
$2,501
Mortgage P&I
71%
$1,600
Property Taxes
9%
$200
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0