This property looks like a bad Long-Term investment with a projected -12.16% first-year return on $66,990 initial cash invested.
-12.16%
Cash On Cash
4.35%
Cap Rate
0.66
DSCR
$1,754
Rent
-$679
Cashflow
Cash Flow
$1,754 income − $2,433 expenses = $679 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,990
Downpayment
20%
$63,800
Closing costs
1%
$3,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,754
Total Expenses
$2,433
Mortgage P&I
100%
$1,747
Property Taxes
7%
$118
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0