This property looks like a bad Long-Term investment with a projected -11.66% first-year return on $66,801 initial cash invested.
-11.66%
Cash On Cash
4.72%
Cap Rate
0.7
DSCR
$2,207
Rent
-$649
Cashflow
Cash Flow
$2,207 income − $2,856 expenses = $649 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,801
Downpayment
20%
$63,620
Closing costs
1%
$3,181
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,207
Total Expenses
$2,856
Mortgage P&I
81%
$1,790
Property Taxes
17%
$371
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0