This property looks like a bad Long-Term investment with a projected -11.3% first-year return on $66,381 initial cash invested.
-11.3%
Cash On Cash
4.08%
Cap Rate
0.67
DSCR
$1,749
Rent
-$625
Cashflow
Cash Flow
$1,749 income − $2,374 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,381
Downpayment
20%
$63,220
Closing costs
1%
$3,161
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,749
Total Expenses
$2,374
Mortgage P&I
92%
$1,614
Property Taxes
11%
$194
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0