This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $66,864 initial cash invested.
-12.85%
Cash On Cash
4.41%
Cap Rate
0.65
DSCR
$1,816
Rent
-$716
Cashflow
Cash Flow
$1,816 income − $2,532 expenses = $716 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,816
Total Expenses
$2,532
Mortgage P&I
99%
$1,796
Property Taxes
8%
$149
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0