This property looks like a bad Long-Term investment with a projected -7.06% first-year return on $66,780 initial cash invested.
-7.06%
Cash On Cash
5.58%
Cap Rate
0.85
DSCR
$2,545
Rent
-$393
Cashflow
Cash Flow
$2,545 income − $2,938 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,545
Total Expenses
$2,938
Mortgage P&I
69%
$1,746
Property Taxes
16%
$417
Home Insurance
4%
$114
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0