This property looks like a bad Long-Term investment with a projected -11.13% first-year return on $66,759 initial cash invested.
-11.13%
Cash On Cash
4.1%
Cap Rate
0.67
DSCR
$1,858
Rent
-$619
Cashflow
Cash Flow
$1,858 income − $2,477 expenses = $619 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,759
Downpayment
20%
$63,580
Closing costs
1%
$3,179
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,858
Total Expenses
$2,477
Mortgage P&I
87%
$1,611
Property Taxes
15%
$270
Home Insurance
6%
$113
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0