This property looks like a bad Long-Term investment with a projected -10.25% first-year return on $66,234 initial cash invested.
-10.25%
Cash On Cash
4.28%
Cap Rate
0.7
DSCR
$1,557
Rent
-$566
Cashflow
Cash Flow
$1,557 income − $2,123 expenses = $566 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,234
Downpayment
20%
$63,080
Closing costs
1%
$3,154
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,557
Total Expenses
$2,123
Mortgage P&I
104%
$1,612
Property Taxes
0%
$1
Home Insurance
7%
$105
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0