This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $66,066 initial cash invested.
-9.74%
Cash On Cash
4.73%
Cap Rate
0.74
DSCR
$2,063
Rent
-$536
Cashflow
Cash Flow
$2,063 income − $2,599 expenses = $536 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,066
Downpayment
20%
$62,920
Closing costs
1%
$3,146
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,063
Total Expenses
$2,599
Mortgage P&I
81%
$1,674
Property Taxes
13%
$277
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0