This property looks like a bad Long-Term investment with a projected -10.39% first-year return on $66,150 initial cash invested.
-10.39%
Cash On Cash
4.7%
Cap Rate
0.73
DSCR
$2,332
Rent
-$573
Cashflow
Cash Flow
$2,332 income − $2,905 expenses = $573 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,332
Total Expenses
$2,905
Mortgage P&I
73%
$1,691
Property Taxes
21%
$497
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0