This property looks like a bad Long-Term investment with a projected -13.38% first-year return on $66,990 initial cash invested.
-13.38%
Cash On Cash
4.17%
Cap Rate
0.63
DSCR
$1,965
Rent
-$747
Cashflow
Cash Flow
$1,965 income − $2,712 expenses = $747 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
$1,965
Total Expenses
$2,712
Mortgage P&I
89%
$1,758
Property Taxes
17%
$332
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0