This property looks like a bad Long-Term investment with a projected -9.81% first-year return on $66,780 initial cash invested.
-9.81%
Cash On Cash
4.9%
Cap Rate
0.74
DSCR
$1,913
Rent
-$546
Cashflow
Cash Flow
$1,913 income − $2,459 expenses = $546 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,913
Total Expenses
$2,459
Mortgage P&I
91%
$1,748
Property Taxes
3%
$64
Home Insurance
6%
$111
HOA
2%
$38
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0