This property looks like a bad Long-Term investment with a projected -13.14% first-year return on $66,738 initial cash invested.
-13.14%
Cash On Cash
4.19%
Cap Rate
0.64
DSCR
$1,951
Rent
-$731
Cashflow
Cash Flow
$1,951 income − $2,682 expenses = $731 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,738
Downpayment
20%
$63,560
Closing costs
1%
$3,178
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,951
Total Expenses
$2,682
Mortgage P&I
89%
$1,742
Property Taxes
16%
$304
Home Insurance
7%
$128
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0