This property looks like a bad Long-Term investment with a projected -6.95% first-year return on $66,129 initial cash invested.
-6.95%
Cash On Cash
5.5%
Cap Rate
0.84
DSCR
$2,114
Rent
-$383
Cashflow
Cash Flow
$2,114 income − $2,497 expenses = $383 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
$2,114
Total Expenses
$2,497
Mortgage P&I
81%
$1,719
Property Taxes
5%
$116
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0