This property looks like a bad Long-Term investment with a projected -12.8% first-year return on $66,213 initial cash invested.
-12.8%
Cash On Cash
4.26%
Cap Rate
0.65
DSCR
$1,951
Rent
-$706
Cashflow
Cash Flow
$1,951 income − $2,657 expenses = $706 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,213
Downpayment
20%
$63,060
Closing costs
1%
$3,153
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,951
Total Expenses
$2,657
Mortgage P&I
89%
$1,727
Property Taxes
13%
$256
Home Insurance
6%
$114
HOA
3%
$52
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0