This property looks like a bad Long-Term investment with a projected -18.74% first-year return on $66,990 initial cash invested.
-18.74%
Cash On Cash
2.99%
Cap Rate
0.45
DSCR
$1,813
Rent
-$1,046
Cashflow
Cash Flow
$1,813 income − $2,859 expenses = $1,046 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,813
Total Expenses
$2,859
Mortgage P&I
97%
$1,751
Property Taxes
29%
$524
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0