This property looks like a bad Long-Term investment with a projected -9.15% first-year return on $66,129 initial cash invested.
-9.15%
Cash On Cash
5.05%
Cap Rate
0.77
DSCR
$2,126
Rent
-$504
Cashflow
Cash Flow
$2,126 income − $2,630 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,129
Downpayment
20%
$62,980
Closing costs
1%
$3,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,126
Total Expenses
$2,630
Mortgage P&I
81%
$1,724
Property Taxes
11%
$241
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0