This property looks like a bad Long-Term investment with a projected -17.72% first-year return on $66,234 initial cash invested.
-17.72%
Cash On Cash
2.74%
Cap Rate
0.44
DSCR
$1,142
Rent
-$978
Cashflow
Cash Flow
$1,142 income − $2,120 expenses = $978 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,234
Downpayment
20%
$63,080
Closing costs
1%
$3,154
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,142
Total Expenses
$2,120
Mortgage P&I
144%
$1,640
Property Taxes
6%
$67
Home Insurance
10%
$116
HOA
0%
$0
Property Management
10%
$114
CapEx
5%
$57
Vacancy
6%
$69
Maintenance
5%
$57
Other
0%
$0