This property looks like a bad Long-Term investment with a projected -10.02% first-year return on $66,465 initial cash invested.
-10.02%
Cash On Cash
4.85%
Cap Rate
0.74
DSCR
$2,146
Rent
-$555
Cashflow
Cash Flow
$2,146 income − $2,701 expenses = $555 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,465
Downpayment
20%
$63,300
Closing costs
1%
$3,165
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,146
Total Expenses
$2,701
Mortgage P&I
81%
$1,728
Property Taxes
14%
$301
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0