This property looks like a bad Long-Term investment with a projected -16.31% first-year return on $66,969 initial cash invested.
-16.31%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$1,690
Rent
-$910
Cashflow
Cash Flow
$1,690 income − $2,600 expenses = $910 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,969
Downpayment
20%
$63,780
Closing costs
1%
$3,189
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,690
Total Expenses
$2,600
Mortgage P&I
104%
$1,758
Property Taxes
17%
$290
Home Insurance
7%
$114
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0