This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $66,213 initial cash invested.
-13.7%
Cash On Cash
4.01%
Cap Rate
0.61
DSCR
$1,926
Rent
-$756
Cashflow
Cash Flow
$1,926 income − $2,682 expenses = $756 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,213
Downpayment
20%
$63,060
Closing costs
1%
$3,153
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,926
Total Expenses
$2,682
Mortgage P&I
89%
$1,713
Property Taxes
18%
$356
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0