This property looks like a bad Long-Term investment with a projected -3.37% first-year return on $66,150 initial cash invested.
-3.37%
Cash On Cash
6.28%
Cap Rate
0.96
DSCR
$2,318
Rent
-$186
Cashflow
Cash Flow
$2,318 income − $2,504 expenses = $186 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,318
Total Expenses
$2,504
Mortgage P&I
74%
$1,719
Property Taxes
3%
$72
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0