This property looks like a bad Long-Term investment with a projected -7.91% first-year return on $66,150 initial cash invested.
-7.91%
Cash On Cash
4.76%
Cap Rate
0.79
DSCR
$2,064
Rent
-$436
Cashflow
Cash Flow
$2,064 income − $2,500 expenses = $436 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,064
Total Expenses
$2,500
Mortgage P&I
77%
$1,583
Property Taxes
13%
$271
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0