This property looks like a bad Long-Term investment with a projected -8.35% first-year return on $66,129 initial cash invested.
-8.35%
Cash On Cash
5%
Cap Rate
0.78
DSCR
$1,969
Rent
-$460
Cashflow
Cash Flow
$1,969 income − $2,429 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,129
Downpayment
20%
$62,980
Closing costs
1%
$3,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,969
Total Expenses
$2,429
Mortgage P&I
85%
$1,674
Property Taxes
5%
$92
Home Insurance
6%
$114
HOA
2%
$38
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0