This property looks like a bad Long-Term investment with a projected -13.06% first-year return on $66,969 initial cash invested.
-13.06%
Cash On Cash
4.16%
Cap Rate
0.63
DSCR
$1,786
Rent
-$729
Cashflow
Cash Flow
$1,786 income − $2,515 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,969
Downpayment
20%
$63,780
Closing costs
1%
$3,189
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,786
Total Expenses
$2,515
Mortgage P&I
98%
$1,746
Property Taxes
11%
$191
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0