This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $66,780 initial cash invested.
-12.85%
Cash On Cash
4.2%
Cap Rate
0.64
DSCR
$1,771
Rent
-$715
Cashflow
Cash Flow
$1,771 income − $2,486 expenses = $715 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,780
Downpayment
20%
$63,600
Closing costs
1%
$3,180
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,771
Total Expenses
$2,486
Mortgage P&I
98%
$1,739
Property Taxes
10%
$172
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0