This property looks like a bad Long-Term investment with a projected -10.81% first-year return on $66,150 initial cash invested.
-10.81%
Cash On Cash
4.39%
Cap Rate
0.7
DSCR
$1,953
Rent
-$596
Cashflow
Cash Flow
$1,953 income − $2,549 expenses = $596 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,953
Total Expenses
$2,549
Mortgage P&I
84%
$1,650
Property Taxes
14%
$281
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0