This property looks like a bad Long-Term investment with a projected -14.48% first-year return on $66,150 initial cash invested.
-14.48%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$1,564
Rent
-$798
Cashflow
Cash Flow
$1,564 income − $2,362 expenses = $798 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,564
Total Expenses
$2,362
Mortgage P&I
109%
$1,711
Property Taxes
9%
$135
Home Insurance
7%
$110
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0