This property looks like a bad Long-Term investment with a projected -13.54% first-year return on $66,990 initial cash invested.
-13.54%
Cash On Cash
4.01%
Cap Rate
0.61
DSCR
$1,562
Rent
-$756
Cashflow
Cash Flow
$1,562 income − $2,318 expenses = $756 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,562
Total Expenses
$2,318
Mortgage P&I
112%
$1,743
Property Taxes
4%
$57
Home Insurance
7%
$112
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0