This property looks like a bad Long-Term investment with a projected -12.76% first-year return on $66,087 initial cash invested.
-12.76%
Cash On Cash
4.19%
Cap Rate
0.64
DSCR
$1,787
Rent
-$703
Cashflow
Cash Flow
$1,787 income − $2,490 expenses = $703 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,087
Downpayment
20%
$62,940
Closing costs
1%
$3,147
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,787
Total Expenses
$2,490
Mortgage P&I
96%
$1,714
Property Taxes
11%
$200
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0