This property looks like a bad Long-Term investment with a projected -14.27% first-year return on $66,108 initial cash invested.
-14.27%
Cash On Cash
4.1%
Cap Rate
0.61
DSCR
$2,052
Rent
-$786
Cashflow
Cash Flow
$2,052 income − $2,838 expenses = $786 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,108
Downpayment
20%
$62,960
Closing costs
1%
$3,148
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,052
Total Expenses
$2,838
Mortgage P&I
86%
$1,759
Property Taxes
18%
$373
Home Insurance
5%
$112
HOA
3%
$60
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0