This property looks like a bad Long-Term investment with a projected -14.6% first-year return on $66,066 initial cash invested.
-14.6%
Cash On Cash
3.67%
Cap Rate
0.58
DSCR
$1,861
Rent
-$804
Cashflow
Cash Flow
$1,861 income − $2,665 expenses = $804 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,066
Downpayment
20%
$62,920
Closing costs
1%
$3,146
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,861
Total Expenses
$2,665
Mortgage P&I
90%
$1,674
Property Taxes
21%
$395
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0