This property looks like a bad Long-Term investment with a projected -13.01% first-year return on $66,150 initial cash invested.
-13.01%
Cash On Cash
4.27%
Cap Rate
0.65
DSCR
$2,252
Rent
-$717
Cashflow
Cash Flow
$2,252 income − $2,969 expenses = $717 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,252
Total Expenses
$2,969
Mortgage P&I
77%
$1,725
Property Taxes
24%
$548
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0