This property looks like a bad Long-Term investment with a projected -4.17% first-year return on $66,150 initial cash invested.
-4.17%
Cash On Cash
5.74%
Cap Rate
0.93
DSCR
$2,217
Rent
-$230
Cashflow
Cash Flow
$2,217 income − $2,447 expenses = $230 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,217
Total Expenses
$2,447
Mortgage P&I
73%
$1,626
Property Taxes
6%
$134
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0