This property looks like a bad Long-Term investment with a projected -12.55% first-year return on $66,759 initial cash invested.
-12.55%
Cash On Cash
4.21%
Cap Rate
0.65
DSCR
$1,917
Rent
-$698
Cashflow
Cash Flow
$1,917 income − $2,615 expenses = $698 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,759
Downpayment
20%
$63,580
Closing costs
1%
$3,179
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,917
Total Expenses
$2,615
Mortgage P&I
90%
$1,717
Property Taxes
15%
$289
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0