This property looks like a bad Long-Term investment with a projected -17.86% first-year return on $66,129 initial cash invested.
-17.86%
Cash On Cash
3.13%
Cap Rate
0.48
DSCR
$1,688
Rent
-$984
Cashflow
Cash Flow
$1,688 income − $2,672 expenses = $984 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,688
Total Expenses
$2,672
Mortgage P&I
102%
$1,722
Property Taxes
24%
$402
Home Insurance
7%
$110
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0