This property looks like a bad Long-Term investment with a projected -11.39% first-year return on $66,150 initial cash invested.
-11.39%
Cash On Cash
4.57%
Cap Rate
0.69
DSCR
$1,853
Rent
-$628
Cashflow
Cash Flow
$1,853 income − $2,481 expenses = $628 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,853
Total Expenses
$2,481
Mortgage P&I
94%
$1,735
Property Taxes
8%
$154
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0