This property looks like a bad Long-Term investment with a projected -14.06% first-year return on $67,074 initial cash invested.
-14.06%
Cash On Cash
3.6%
Cap Rate
0.58
DSCR
$1,578
Rent
-$786
Cashflow
Cash Flow
$1,578 income − $2,364 expenses = $786 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,578
Total Expenses
$2,364
Mortgage P&I
105%
$1,664
Property Taxes
11%
$173
Home Insurance
7%
$116
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0