This property looks like a bad Long-Term investment with a projected -13.64% first-year return on $66,234 initial cash invested.
-13.64%
Cash On Cash
4.03%
Cap Rate
0.62
DSCR
$1,879
Rent
-$753
Cashflow
Cash Flow
$1,879 income − $2,632 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,879
Total Expenses
$2,632
Mortgage P&I
91%
$1,717
Property Taxes
17%
$312
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0