This property looks like a bad Long-Term investment with a projected -14.11% first-year return on $66,150 initial cash invested.
-14.11%
Cash On Cash
3.73%
Cap Rate
0.59
DSCR
$1,796
Rent
-$778
Cashflow
Cash Flow
$1,796 income − $2,574 expenses = $778 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
$1,796
Total Expenses
$2,574
Mortgage P&I
93%
$1,668
Property Taxes
18%
$328
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0