This property looks like a bad Long-Term investment with a projected -12.99% first-year return on $66,129 initial cash invested.
-12.99%
Cash On Cash
3.76%
Cap Rate
0.61
DSCR
$1,874
Rent
-$716
Cashflow
Cash Flow
$1,874 income − $2,590 expenses = $716 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,874
Total Expenses
$2,590
Mortgage P&I
86%
$1,608
Property Taxes
21%
$385
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0