This property looks like a bad Long-Term investment with a projected -11.83% first-year return on $67,032 initial cash invested.
-11.83%
Cash On Cash
4.46%
Cap Rate
0.68
DSCR
$1,904
Rent
-$661
Cashflow
Cash Flow
$1,904 income − $2,565 expenses = $661 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,904
Total Expenses
$2,565
Mortgage P&I
92%
$1,753
Property Taxes
11%
$204
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0