This property looks like a bad Long-Term investment with a projected -10.79% first-year return on $66,864 initial cash invested.
-10.79%
Cash On Cash
4.54%
Cap Rate
0.71
DSCR
$2,114
Rent
-$601
Cashflow
Cash Flow
$2,114 income − $2,715 expenses = $601 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,864
Downpayment
20%
$63,680
Closing costs
1%
$3,184
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,114
Total Expenses
$2,715
Mortgage P&I
80%
$1,699
Property Taxes
17%
$350
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0