This property looks like a bad Long-Term investment with a projected -13.43% first-year return on $66,129 initial cash invested.
-13.43%
Cash On Cash
4.07%
Cap Rate
0.63
DSCR
$2,021
Rent
-$740
Cashflow
Cash Flow
$2,021 income − $2,761 expenses = $740 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,129
Downpayment
20%
$62,980
Closing costs
1%
$3,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,021
Total Expenses
$2,761
Mortgage P&I
84%
$1,706
Property Taxes
21%
$416
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0