This property looks like a bad Long-Term investment with a projected -19.34% first-year return on $66,150 initial cash invested.
-19.34%
Cash On Cash
2.93%
Cap Rate
0.44
DSCR
$1,791
Rent
-$1,066
Cashflow
Cash Flow
$1,791 income − $2,857 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,791
Total Expenses
$2,857
Mortgage P&I
97%
$1,746
Property Taxes
29%
$520
Home Insurance
6%
$110
HOA
1%
$15
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$107
Maintenance
5%
$90
Other
0%
$0