This property looks like a bad Long-Term investment with a projected -12.98% first-year return on $66,864 initial cash invested.
-12.98%
Cash On Cash
3.83%
Cap Rate
0.62
DSCR
$1,912
Rent
-$723
Cashflow
Cash Flow
$1,912 income − $2,635 expenses = $723 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,864
Downpayment
20%
$63,680
Closing costs
1%
$3,184
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,912
Total Expenses
$2,635
Mortgage P&I
86%
$1,643
Property Taxes
20%
$380
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0