This property looks like a bad Long-Term investment with a projected -17.93% first-year return on $66,339 initial cash invested.
-17.93%
Cash On Cash
2.69%
Cap Rate
0.44
DSCR
$1,450
Rent
-$991
Cashflow
Cash Flow
$1,450 income − $2,441 expenses = $991 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,339
Downpayment
20%
$63,180
Closing costs
1%
$3,159
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,450
Total Expenses
$2,441
Mortgage P&I
112%
$1,628
Property Taxes
22%
$323
Home Insurance
8%
$114
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0