This property looks like a bad Long-Term investment with a projected -10.12% first-year return on $66,864 initial cash invested.
-10.12%
Cash On Cash
4.73%
Cap Rate
0.74
DSCR
$2,310
Rent
-$564
Cashflow
Cash Flow
$2,310 income − $2,874 expenses = $564 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,864
Downpayment
20%
$63,680
Closing costs
1%
$3,184
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,310
Total Expenses
$2,874
Mortgage P&I
74%
$1,703
Property Taxes
17%
$397
Home Insurance
5%
$116
HOA
2%
$56
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0