This property looks like a bad Long-Term investment with a projected -10.35% first-year return on $66,927 initial cash invested.
-10.35%
Cash On Cash
4.89%
Cap Rate
0.73
DSCR
$2,139
Rent
-$577
Cashflow
Cash Flow
$2,139 income − $2,716 expenses = $577 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,927
Downpayment
20%
$63,740
Closing costs
1%
$3,187
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,139
Total Expenses
$2,716
Mortgage P&I
83%
$1,768
Property Taxes
13%
$278
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0