This property looks like a bad Long-Term investment with a projected -11.21% first-year return on $66,150 initial cash invested.
-11.21%
Cash On Cash
4.51%
Cap Rate
0.69
DSCR
$1,772
Rent
-$618
Cashflow
Cash Flow
$1,772 income − $2,390 expenses = $618 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
$1,772
Total Expenses
$2,390
Mortgage P&I
97%
$1,713
Property Taxes
6%
$106
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0