This property looks like a bad Long-Term investment with a projected -12.89% first-year return on $66,171 initial cash invested.
-12.89%
Cash On Cash
4.18%
Cap Rate
0.64
DSCR
$2,022
Rent
-$711
Cashflow
Cash Flow
$2,022 income − $2,733 expenses = $711 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,171
Downpayment
20%
$63,020
Closing costs
1%
$3,151
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,022
Total Expenses
$2,733
Mortgage P&I
84%
$1,707
Property Taxes
19%
$389
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0