This property looks like a bad Long-Term investment with a projected -9.86% first-year return on $66,213 initial cash invested.
-9.86%
Cash On Cash
4.38%
Cap Rate
0.72
DSCR
$1,830
Rent
-$544
Cashflow
Cash Flow
$1,830 income − $2,374 expenses = $544 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,213
Downpayment
20%
$63,060
Closing costs
1%
$3,153
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,830
Total Expenses
$2,374
Mortgage P&I
88%
$1,603
Property Taxes
9%
$172
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0