This property looks like a bad Long-Term investment with a projected -4.49% first-year return on $66,045 initial cash invested.
-4.49%
Cash On Cash
6.26%
Cap Rate
0.94
DSCR
$2,716
Rent
-$247
Cashflow
Cash Flow
$2,716 income − $2,963 expenses = $247 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,045
Downpayment
20%
$62,900
Closing costs
1%
$3,145
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,716
Total Expenses
$2,963
Mortgage P&I
64%
$1,751
Property Taxes
15%
$394
Home Insurance
4%
$111
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0