This property looks like a bad Long-Term investment with a projected -12.41% first-year return on $66,612 initial cash invested.
-12.41%
Cash On Cash
4.31%
Cap Rate
0.65
DSCR
$1,721
Rent
-$689
Cashflow
Cash Flow
$1,721 income − $2,410 expenses = $689 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,612
Downpayment
20%
$63,440
Closing costs
1%
$3,172
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,721
Total Expenses
$2,410
Mortgage P&I
101%
$1,742
Property Taxes
6%
$111
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0