This property looks like a bad Long-Term investment with a projected -8.33% first-year return on $66,675 initial cash invested.
-8.33%
Cash On Cash
4.77%
Cap Rate
0.77
DSCR
$1,926
Rent
-$463
Cashflow
Cash Flow
$1,926 income − $2,389 expenses = $463 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,926
Total Expenses
$2,389
Mortgage P&I
85%
$1,630
Property Taxes
7%
$128
Home Insurance
6%
$112
HOA
1%
$18
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0