This property looks like a bad Long-Term investment with a projected -15.97% first-year return on $67,011 initial cash invested.
-15.97%
Cash On Cash
3.15%
Cap Rate
0.51
DSCR
$1,938
Rent
-$892
Cashflow
Cash Flow
$1,938 income − $2,830 expenses = $892 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,938
Total Expenses
$2,830
Mortgage P&I
84%
$1,632
Property Taxes
30%
$577
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0