This property looks like a bad Long-Term investment with a projected -15.09% first-year return on $66,171 initial cash invested.
-15.09%
Cash On Cash
3.74%
Cap Rate
0.57
DSCR
$1,765
Rent
-$832
Cashflow
Cash Flow
$1,765 income − $2,597 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,171
Downpayment
20%
$63,020
Closing costs
1%
$3,151
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,765
Total Expenses
$2,597
Mortgage P&I
98%
$1,725
Property Taxes
16%
$274
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0