This property looks like a bad Long-Term investment with a projected -9.12% first-year return on $66,066 initial cash invested.
-9.12%
Cash On Cash
4.81%
Cap Rate
0.76
DSCR
$2,044
Rent
-$502
Cashflow
Cash Flow
$2,044 income − $2,546 expenses = $502 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,066
Downpayment
20%
$62,920
Closing costs
1%
$3,146
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,044
Total Expenses
$2,546
Mortgage P&I
81%
$1,662
Property Taxes
12%
$241
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0