This property looks like a bad Long-Term investment with a projected -10.93% first-year return on $66,780 initial cash invested.
-10.93%
Cash On Cash
4.73%
Cap Rate
0.71
DSCR
$2,129
Rent
-$608
Cashflow
Cash Flow
$2,129 income − $2,737 expenses = $608 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,780
Downpayment
20%
$63,600
Closing costs
1%
$3,180
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,129
Total Expenses
$2,737
Mortgage P&I
82%
$1,755
Property Taxes
15%
$318
Home Insurance
5%
$111
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0