This property looks like a bad Long-Term investment with a projected -13.63% first-year return on $66,906 initial cash invested.
-13.63%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$1,620
Rent
-$760
Cashflow
Cash Flow
$1,620 income − $2,380 expenses = $760 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,906
Downpayment
20%
$63,720
Closing costs
1%
$3,186
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,620
Total Expenses
$2,380
Mortgage P&I
107%
$1,735
Property Taxes
7%
$109
Home Insurance
7%
$115
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0