This property looks like a bad Long-Term investment with a projected -17.38% first-year return on $66,150 initial cash invested.
-17.38%
Cash On Cash
3.23%
Cap Rate
0.5
DSCR
$1,909
Rent
-$958
Cashflow
Cash Flow
$1,909 income − $2,867 expenses = $958 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,909
Total Expenses
$2,867
Mortgage P&I
90%
$1,712
Property Taxes
29%
$549
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$115
Maintenance
5%
$95
Other
0%
$0