This property looks like a bad Long-Term investment with a projected -7.9% first-year return on $66,675 initial cash invested.
-7.9%
Cash On Cash
5.34%
Cap Rate
0.82
DSCR
$2,432
Rent
-$439
Cashflow
Cash Flow
$2,432 income − $2,871 expenses = $439 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
$2,432
Total Expenses
$2,871
Mortgage P&I
71%
$1,731
Property Taxes
16%
$396
Home Insurance
5%
$111
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0