This property looks like a bad Long-Term investment with a projected -11.86% first-year return on $66,150 initial cash invested.
-11.86%
Cash On Cash
4.4%
Cap Rate
0.68
DSCR
$2,086
Rent
-$654
Cashflow
Cash Flow
$2,086 income − $2,740 expenses = $654 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
$2,086
Total Expenses
$2,740
Mortgage P&I
82%
$1,706
Property Taxes
17%
$353
Home Insurance
5%
$110
HOA
1%
$29
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0