This property looks like a bad Long-Term investment with a projected -16.53% first-year return on $67,011 initial cash invested.
-16.53%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$1,867
Rent
-$923
Cashflow
Cash Flow
$1,867 income − $2,790 expenses = $923 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,011
Downpayment
20%
$63,820
Closing costs
1%
$3,191
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,867
Total Expenses
$2,790
Mortgage P&I
94%
$1,749
Property Taxes
23%
$427
Home Insurance
6%
$119
HOA
1%
$10
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0