This property looks like a bad Long-Term investment with a projected -11.1% first-year return on $66,675 initial cash invested.
-11.1%
Cash On Cash
4.56%
Cap Rate
0.7
DSCR
$1,922
Rent
-$617
Cashflow
Cash Flow
$1,922 income − $2,539 expenses = $617 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,922
Total Expenses
$2,539
Mortgage P&I
90%
$1,727
Property Taxes
11%
$215
Home Insurance
5%
$94
HOA
0%
$4
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0