This property looks like a bad Long-Term investment with a projected -12.41% first-year return on $66,717 initial cash invested.
-12.41%
Cash On Cash
3.98%
Cap Rate
0.64
DSCR
$2,074
Rent
-$690
Cashflow
Cash Flow
$2,074 income − $2,764 expenses = $690 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,074
Total Expenses
$2,764
Mortgage P&I
79%
$1,641
Property Taxes
23%
$472
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0