This property looks like a bad Long-Term investment with a projected -11.64% first-year return on $66,591 initial cash invested.
-11.64%
Cash On Cash
4.58%
Cap Rate
0.69
DSCR
$1,839
Rent
-$646
Cashflow
Cash Flow
$1,839 income − $2,485 expenses = $646 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,591
Downpayment
20%
$63,420
Closing costs
1%
$3,171
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,839
Total Expenses
$2,485
Mortgage P&I
96%
$1,765
Property Taxes
7%
$126
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0