This property looks like a bad Long-Term investment with a projected -9.95% first-year return on $66,444 initial cash invested.
-9.95%
Cash On Cash
4.67%
Cap Rate
0.74
DSCR
$2,319
Rent
-$551
Cashflow
Cash Flow
$2,319 income − $2,870 expenses = $551 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,444
Downpayment
20%
$63,280
Closing costs
1%
$3,164
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,319
Total Expenses
$2,870
Mortgage P&I
72%
$1,666
Property Taxes
21%
$489
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0