This property looks like a bad Long-Term investment with a projected -9.22% first-year return on $66,780 initial cash invested.
-9.22%
Cash On Cash
4.9%
Cap Rate
0.76
DSCR
$1,980
Rent
-$513
Cashflow
Cash Flow
$1,980 income − $2,493 expenses = $513 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,980
Total Expenses
$2,493
Mortgage P&I
86%
$1,712
Property Taxes
3%
$64
Home Insurance
6%
$122
HOA
4%
$80
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0