This property looks like a bad Long-Term investment with a projected -3.81% first-year return on $66,822 initial cash invested.
-3.81%
Cash On Cash
6.31%
Cap Rate
0.96
DSCR
$2,713
Rent
-$212
Cashflow
Cash Flow
$2,713 income − $2,925 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,822
Downpayment
20%
$63,640
Closing costs
1%
$3,182
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,713
Total Expenses
$2,925
Mortgage P&I
65%
$1,750
Property Taxes
12%
$334
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0