This property looks like a bad Long-Term investment with a projected -11% first-year return on $66,108 initial cash invested.
-11%
Cash On Cash
4.53%
Cap Rate
0.7
DSCR
$2,080
Rent
-$606
Cashflow
Cash Flow
$2,080 income − $2,686 expenses = $606 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,108
Downpayment
20%
$62,960
Closing costs
1%
$3,148
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,080
Total Expenses
$2,686
Mortgage P&I
81%
$1,691
Property Taxes
14%
$292
Home Insurance
6%
$121
HOA
2%
$41
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0