This property looks like a bad Long-Term investment with a projected -11.62% first-year return on $66,696 initial cash invested.
-11.62%
Cash On Cash
4.53%
Cap Rate
0.69
DSCR
$2,042
Rent
-$646
Cashflow
Cash Flow
$2,042 income − $2,688 expenses = $646 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,696
Downpayment
20%
$63,520
Closing costs
1%
$3,176
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,042
Total Expenses
$2,688
Mortgage P&I
85%
$1,743
Property Taxes
15%
$300
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0