This property looks like a bad Long-Term investment with a projected -9.03% first-year return on $66,717 initial cash invested.
-9.03%
Cash On Cash
4.91%
Cap Rate
0.76
DSCR
$1,880
Rent
-$502
Cashflow
Cash Flow
$1,880 income − $2,382 expenses = $502 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,880
Total Expenses
$2,382
Mortgage P&I
91%
$1,707
Property Taxes
4%
$72
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0