This property looks like a bad Long-Term investment with a projected -5.26% first-year return on $66,192 initial cash invested.
-5.26%
Cash On Cash
5.92%
Cap Rate
0.9
DSCR
$2,273
Rent
-$290
Cashflow
Cash Flow
$2,273 income − $2,563 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,192
Downpayment
20%
$63,040
Closing costs
1%
$3,152
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,273
Total Expenses
$2,563
Mortgage P&I
76%
$1,731
Property Taxes
6%
$126
Home Insurance
5%
$115
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0