This property looks like a bad Long-Term investment with a projected -10.4% first-year return on $66,360 initial cash invested.
-10.4%
Cash On Cash
4.78%
Cap Rate
0.72
DSCR
$1,940
Rent
-$575
Cashflow
Cash Flow
$1,940 income − $2,515 expenses = $575 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,360
Downpayment
20%
$63,200
Closing costs
1%
$3,160
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,940
Total Expenses
$2,515
Mortgage P&I
90%
$1,737
Property Taxes
8%
$162
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0