This property looks like a bad Long-Term investment with a projected -8.39% first-year return on $66,759 initial cash invested.
-8.39%
Cash On Cash
4.73%
Cap Rate
0.77
DSCR
$1,937
Rent
-$467
Cashflow
Cash Flow
$1,937 income − $2,404 expenses = $467 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,759
Downpayment
20%
$63,580
Closing costs
1%
$3,179
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,937
Total Expenses
$2,404
Mortgage P&I
84%
$1,622
Property Taxes
7%
$144
Home Insurance
6%
$121
HOA
1%
$13
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0