This property looks like a bad Long-Term investment with a projected -10.13% first-year return on $66,675 initial cash invested.
-10.13%
Cash On Cash
4.37%
Cap Rate
0.71
DSCR
$1,954
Rent
-$563
Cashflow
Cash Flow
$1,954 income − $2,517 expenses = $563 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,675
Downpayment
20%
$63,500
Closing costs
1%
$3,175
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,954
Total Expenses
$2,517
Mortgage P&I
83%
$1,620
Property Taxes
10%
$188
Home Insurance
6%
$112
HOA
5%
$89
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0