This property looks like a bad Long-Term investment with a projected -7.35% first-year return on $66,654 initial cash invested.
-7.35%
Cash On Cash
4.87%
Cap Rate
0.81
DSCR
$2,103
Rent
-$408
Cashflow
Cash Flow
$2,103 income − $2,511 expenses = $408 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,654
Downpayment
20%
$63,480
Closing costs
1%
$3,174
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,103
Total Expenses
$2,511
Mortgage P&I
76%
$1,590
Property Taxes
13%
$263
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0