This property looks like a bad Long-Term investment with a projected -11.36% first-year return on $66,129 initial cash invested.
-11.36%
Cash On Cash
4.04%
Cap Rate
0.66
DSCR
$1,610
Rent
-$626
Cashflow
Cash Flow
$1,610 income − $2,236 expenses = $626 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
$1,610
Total Expenses
$2,236
Mortgage P&I
100%
$1,607
Property Taxes
6%
$101
Home Insurance
7%
$110
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$97
Maintenance
5%
$80
Other
0%
$0