This property looks like a bad Long-Term investment with a projected -19.49% first-year return on $66,990 initial cash invested.
-19.49%
Cash On Cash
2.77%
Cap Rate
0.42
DSCR
$1,575
Rent
-$1,088
Cashflow
Cash Flow
$1,575 income − $2,663 expenses = $1,088 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
$1,575
Total Expenses
$2,663
Mortgage P&I
111%
$1,745
Property Taxes
25%
$396
Home Insurance
7%
$112
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0