This property looks like a bad Long-Term investment with a projected -11.46% first-year return on $66,780 initial cash invested.
-11.46%
Cash On Cash
4.63%
Cap Rate
0.69
DSCR
$1,885
Rent
-$638
Cashflow
Cash Flow
$1,885 income − $2,523 expenses = $638 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
$1,885
Total Expenses
$2,523
Mortgage P&I
94%
$1,772
Property Taxes
8%
$151
Home Insurance
6%
$111
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0