This property looks like a bad Long-Term investment with a projected -17.45% first-year return on $66,717 initial cash invested.
-17.45%
Cash On Cash
3.01%
Cap Rate
0.47
DSCR
$1,522
Rent
-$970
Cashflow
Cash Flow
$1,522 income − $2,492 expenses = $970 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,717
Downpayment
20%
$63,540
Closing costs
1%
$3,177
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,522
Total Expenses
$2,492
Mortgage P&I
111%
$1,690
Property Taxes
19%
$293
Home Insurance
7%
$114
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0