This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $66,108 initial cash invested.
-13.7%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$1,775
Rent
-$755
Cashflow
Cash Flow
$1,775 income − $2,530 expenses = $755 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,108
Downpayment
20%
$62,960
Closing costs
1%
$3,148
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,775
Total Expenses
$2,530
Mortgage P&I
97%
$1,724
Property Taxes
11%
$194
Home Insurance
6%
$112
HOA
2%
$38
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0