This property looks like a bad Long-Term investment with a projected -6.51% first-year return on $66,738 initial cash invested.
-6.51%
Cash On Cash
5.14%
Cap Rate
0.84
DSCR
$2,066
Rent
-$362
Cashflow
Cash Flow
$2,066 income − $2,428 expenses = $362 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,738
Downpayment
20%
$63,560
Closing costs
1%
$3,178
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,066
Total Expenses
$2,428
Mortgage P&I
78%
$1,619
Property Taxes
8%
$160
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0