This property looks like a bad Long-Term investment with a projected -11.01% first-year return on $66,675 initial cash invested.
-11.01%
Cash On Cash
4.17%
Cap Rate
0.68
DSCR
$1,837
Rent
-$612
Cashflow
Cash Flow
$1,837 income − $2,449 expenses = $612 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,837
Total Expenses
$2,449
Mortgage P&I
88%
$1,622
Property Taxes
13%
$235
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0