This property looks like a bad Long-Term investment with a projected -11.46% first-year return on $67,032 initial cash invested.
-11.46%
Cash On Cash
4.74%
Cap Rate
0.7
DSCR
$2,110
Rent
-$640
Cashflow
Cash Flow
$2,110 income − $2,750 expenses = $640 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,032
Downpayment
20%
$63,840
Closing costs
1%
$3,192
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,110
Total Expenses
$2,750
Mortgage P&I
85%
$1,794
Property Taxes
14%
$292
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0