This property looks like a bad Long-Term investment with a projected -8.97% first-year return on $66,633 initial cash invested.
-8.97%
Cash On Cash
5.19%
Cap Rate
0.78
DSCR
$2,286
Rent
-$498
Cashflow
Cash Flow
$2,286 income − $2,784 expenses = $498 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,633
Downpayment
20%
$63,460
Closing costs
1%
$3,173
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,286
Total Expenses
$2,784
Mortgage P&I
77%
$1,756
Property Taxes
14%
$324
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0