This property looks like a bad Long-Term investment with a projected -12.3% first-year return on $66,150 initial cash invested.
-12.3%
Cash On Cash
4.38%
Cap Rate
0.66
DSCR
$1,732
Rent
-$678
Cashflow
Cash Flow
$1,732 income − $2,410 expenses = $678 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
$1,732
Total Expenses
$2,410
Mortgage P&I
101%
$1,742
Property Taxes
6%
$107
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0