This property looks like a bad Long-Term investment with a projected -22.35% first-year return on $66,780 initial cash invested.
-22.35%
Cash On Cash
2.31%
Cap Rate
0.35
DSCR
$1,674
Rent
-$1,244
Cashflow
Cash Flow
$1,674 income − $2,918 expenses = $1,244 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,674
Total Expenses
$2,918
Mortgage P&I
106%
$1,771
Property Taxes
36%
$601
Home Insurance
7%
$111
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0