This property looks like a bad Long-Term investment with a projected -3.08% first-year return on $66,990 initial cash invested.
-3.08%
Cash On Cash
6.49%
Cap Rate
0.98
DSCR
$2,708
Rent
-$172
Cashflow
Cash Flow
$2,708 income − $2,880 expenses = $172 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,708
Total Expenses
$2,880
Mortgage P&I
65%
$1,761
Property Taxes
11%
$304
Home Insurance
4%
$112
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0