This property looks like a bad Long-Term investment with a projected -10.56% first-year return on $66,675 initial cash invested.
-10.56%
Cash On Cash
4.73%
Cap Rate
0.72
DSCR
$2,074
Rent
-$587
Cashflow
Cash Flow
$2,074 income − $2,661 expenses = $587 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,675
Downpayment
20%
$63,500
Closing costs
1%
$3,175
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,074
Total Expenses
$2,661
Mortgage P&I
84%
$1,734
Property Taxes
13%
$269
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0