This property looks like a bad Long-Term investment with a projected -2.9% first-year return on $66,150 initial cash invested.
-2.9%
Cash On Cash
6.28%
Cap Rate
0.98
DSCR
$2,626
Rent
-$160
Cashflow
Cash Flow
$2,626 income − $2,786 expenses = $160 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,626
Total Expenses
$2,786
Mortgage P&I
64%
$1,677
Property Taxes
11%
$293
Home Insurance
4%
$110
HOA
1%
$23
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0