This property looks like a bad Long-Term investment with a projected -6.1% first-year return on $66,843 initial cash invested.
-6.1%
Cash On Cash
5.34%
Cap Rate
0.86
DSCR
$2,047
Rent
-$340
Cashflow
Cash Flow
$2,047 income − $2,387 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,843
Downpayment
20%
$63,660
Closing costs
1%
$3,183
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,047
Total Expenses
$2,387
Mortgage P&I
81%
$1,655
Property Taxes
4%
$76
Home Insurance
6%
$116
HOA
0%
$8
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0