This property looks like a bad Long-Term investment with a projected -8.85% first-year return on $66,696 initial cash invested.
-8.85%
Cash On Cash
4.61%
Cap Rate
0.76
DSCR
$2,015
Rent
-$492
Cashflow
Cash Flow
$2,015 income − $2,507 expenses = $492 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,696
Downpayment
20%
$63,520
Closing costs
1%
$3,176
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,015
Total Expenses
$2,507
Mortgage P&I
80%
$1,612
Property Taxes
13%
$256
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0