This property looks like a bad Long-Term investment with a projected -14.31% first-year return on $66,507 initial cash invested.
-14.31%
Cash On Cash
4.01%
Cap Rate
0.6
DSCR
$1,953
Rent
-$793
Cashflow
Cash Flow
$1,953 income − $2,746 expenses = $793 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,507
Downpayment
20%
$63,340
Closing costs
1%
$3,167
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,953
Total Expenses
$2,746
Mortgage P&I
90%
$1,753
Property Taxes
20%
$383
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0