This property looks like a bad Long-Term investment with a projected -10.45% first-year return on $66,843 initial cash invested.
-10.45%
Cash On Cash
4.24%
Cap Rate
0.69
DSCR
$1,764
Rent
-$582
Cashflow
Cash Flow
$1,764 income − $2,346 expenses = $582 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,764
Total Expenses
$2,346
Mortgage P&I
92%
$1,618
Property Taxes
5%
$92
Home Insurance
6%
$114
HOA
4%
$64
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0