This property looks like a bad Long-Term investment with a projected -6.57% first-year return on $66,822 initial cash invested.
-6.57%
Cash On Cash
5.98%
Cap Rate
0.86
DSCR
$2,357
Rent
-$366
Cashflow
Cash Flow
$2,357 income − $2,723 expenses = $366 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.8%
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
$2,357
Total Expenses
$2,723
Mortgage P&I
78%
$1,834
Property Taxes
7%
$160
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0