This property looks like a bad Long-Term investment with a projected -10.16% first-year return on $66,633 initial cash invested.
-10.16%
Cash On Cash
4.72%
Cap Rate
0.72
DSCR
$1,796
Rent
-$564
Cashflow
Cash Flow
$1,796 income − $2,360 expenses = $564 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,633
Downpayment
20%
$63,460
Closing costs
1%
$3,173
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,796
Total Expenses
$2,360
Mortgage P&I
96%
$1,721
Property Taxes
3%
$57
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0