This property looks like a bad Long-Term investment with a projected -19.74% first-year return on $66,990 initial cash invested.
-19.74%
Cash On Cash
2.51%
Cap Rate
0.39
DSCR
$1,427
Rent
-$1,102
Cashflow
Cash Flow
$1,427 income − $2,529 expenses = $1,102 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,427
Total Expenses
$2,529
Mortgage P&I
119%
$1,698
Property Taxes
24%
$344
Home Insurance
8%
$116
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$71
Vacancy
6%
$86
Maintenance
5%
$71
Other
0%
$0