This property looks like a bad Long-Term investment with a projected -8.58% first-year return on $66,150 initial cash invested.
-8.58%
Cash On Cash
5.33%
Cap Rate
0.8
DSCR
$2,439
Rent
-$473
Cashflow
Cash Flow
$2,439 income − $2,912 expenses = $473 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,439
Total Expenses
$2,912
Mortgage P&I
72%
$1,750
Property Taxes
17%
$418
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0