This property looks like a bad Long-Term investment with a projected -11.4% first-year return on $66,318 initial cash invested.
-11.4%
Cash On Cash
4.15%
Cap Rate
0.67
DSCR
$1,801
Rent
-$630
Cashflow
Cash Flow
$1,801 income − $2,431 expenses = $630 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,318
Downpayment
20%
$63,160
Closing costs
1%
$3,158
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,801
Total Expenses
$2,431
Mortgage P&I
91%
$1,632
Property Taxes
12%
$217
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0