This property looks like a bad Long-Term investment with a projected -13.39% first-year return on $66,129 initial cash invested.
-13.39%
Cash On Cash
4.31%
Cap Rate
0.64
DSCR
$2,165
Rent
-$738
Cashflow
Cash Flow
$2,165 income − $2,903 expenses = $738 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,165
Total Expenses
$2,903
Mortgage P&I
81%
$1,761
Property Taxes
22%
$470
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0