This property looks like a bad Long-Term investment with a projected -11.15% first-year return on $66,192 initial cash invested.
-11.15%
Cash On Cash
4.83%
Cap Rate
0.72
DSCR
$2,408
Rent
-$615
Cashflow
Cash Flow
$2,408 income − $3,023 expenses = $615 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,408
Total Expenses
$3,023
Mortgage P&I
73%
$1,763
Property Taxes
22%
$523
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0