This property looks like a bad Long-Term investment with a projected -12.1% first-year return on $66,843 initial cash invested.
-12.1%
Cash On Cash
4.26%
Cap Rate
0.66
DSCR
$1,794
Rent
-$674
Cashflow
Cash Flow
$1,794 income − $2,468 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,794
Total Expenses
$2,468
Mortgage P&I
95%
$1,713
Property Taxes
10%
$180
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0