This property looks like a bad Long-Term investment with a projected -0.31% first-year return on $66,213 initial cash invested.
-0.31%
Cash On Cash
6.95%
Cap Rate
1.07
DSCR
$2,640
Rent
-$17
Cashflow
Cash Flow
$2,640 income − $2,657 expenses = $17 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,213
Downpayment
20%
$63,060
Closing costs
1%
$3,153
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,640
Total Expenses
$2,657
Mortgage P&I
65%
$1,710
Property Taxes
5%
$142
Home Insurance
4%
$115
HOA
0%
$4
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0