This property looks like a bad Long-Term investment with a projected -11.77% first-year return on $66,990 initial cash invested.
-11.77%
Cash On Cash
4.5%
Cap Rate
0.69
DSCR
$2,302
Rent
-$657
Cashflow
Cash Flow
$2,302 income − $2,959 expenses = $657 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,302
Total Expenses
$2,959
Mortgage P&I
75%
$1,737
Property Taxes
21%
$480
Home Insurance
5%
$112
HOA
1%
$32
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0