This property looks like a bad Long-Term investment with a projected -13.77% first-year return on $67,011 initial cash invested.
-13.77%
Cash On Cash
3.64%
Cap Rate
0.58
DSCR
$1,587
Rent
-$769
Cashflow
Cash Flow
$1,587 income − $2,356 expenses = $769 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,011
Downpayment
20%
$63,820
Closing costs
1%
$3,191
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,587
Total Expenses
$2,356
Mortgage P&I
104%
$1,657
Property Taxes
11%
$173
Home Insurance
7%
$114
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0