This property looks like a bad Long-Term investment with a projected -7.08% first-year return on $66,570 initial cash invested.
-7.08%
Cash On Cash
5.46%
Cap Rate
0.84
DSCR
$2,233
Rent
-$393
Cashflow
Cash Flow
$2,233 income − $2,626 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,570
Downpayment
20%
$63,400
Closing costs
1%
$3,170
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,233
Total Expenses
$2,626
Mortgage P&I
77%
$1,723
Property Taxes
9%
$198
Home Insurance
5%
$114
HOA
0%
$10
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0