This property looks like a bad Long-Term investment with a projected -16.31% first-year return on $66,444 initial cash invested.
-16.31%
Cash On Cash
3.6%
Cap Rate
0.53
DSCR
$1,565
Rent
-$903
Cashflow
Cash Flow
$1,565 income − $2,468 expenses = $903 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,444
Downpayment
20%
$63,280
Closing costs
1%
$3,164
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,565
Total Expenses
$2,468
Mortgage P&I
113%
$1,774
Property Taxes
11%
$175
Home Insurance
7%
$113
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0