This property looks like a bad Long-Term investment with a projected -11.06% first-year return on $66,822 initial cash invested.
-11.06%
Cash On Cash
4.16%
Cap Rate
0.68
DSCR
$1,841
Rent
-$616
Cashflow
Cash Flow
$1,841 income − $2,457 expenses = $616 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,822
Downpayment
20%
$63,640
Closing costs
1%
$3,182
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,841
Total Expenses
$2,457
Mortgage P&I
88%
$1,626
Property Taxes
13%
$239
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0