This property looks like a bad Long-Term investment with a projected -10.94% first-year return on $66,129 initial cash invested.
-10.94%
Cash On Cash
4.64%
Cap Rate
0.71
DSCR
$1,874
Rent
-$603
Cashflow
Cash Flow
$1,874 income − $2,477 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,477
Mortgage P&I
92%
$1,726
Property Taxes
8%
$154
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0