This property looks like a bad Long-Term investment with a projected -7.41% first-year return on $66,234 initial cash invested.
-7.41%
Cash On Cash
5.24%
Cap Rate
0.82
DSCR
$2,153
Rent
-$409
Cashflow
Cash Flow
$2,153 income − $2,562 expenses = $409 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,234
Downpayment
20%
$63,080
Closing costs
1%
$3,154
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,153
Total Expenses
$2,562
Mortgage P&I
78%
$1,678
Property Taxes
10%
$208
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0