This property looks like a bad Long-Term investment with a projected -9.68% first-year return on $66,801 initial cash invested.
-9.68%
Cash On Cash
4.9%
Cap Rate
0.75
DSCR
$2,126
Rent
-$539
Cashflow
Cash Flow
$2,126 income − $2,665 expenses = $539 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,801
Downpayment
20%
$63,620
Closing costs
1%
$3,181
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,126
Total Expenses
$2,665
Mortgage P&I
81%
$1,732
Property Taxes
13%
$268
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0