This property looks like a bad Long-Term investment with a projected -15.35% first-year return on $66,150 initial cash invested.
-15.35%
Cash On Cash
3.72%
Cap Rate
0.56
DSCR
$1,855
Rent
-$846
Cashflow
Cash Flow
$1,855 income − $2,701 expenses = $846 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,855
Total Expenses
$2,701
Mortgage P&I
93%
$1,730
Property Taxes
20%
$378
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0