This property looks like a bad Long-Term investment with a projected -21.5% first-year return on $66,150 initial cash invested.
-21.5%
Cash On Cash
2.22%
Cap Rate
0.34
DSCR
$1,290
Rent
-$1,185
Cashflow
Cash Flow
$1,290 income − $2,475 expenses = $1,185 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,290
Total Expenses
$2,475
Mortgage P&I
132%
$1,705
Property Taxes
25%
$326
Home Insurance
9%
$110
HOA
0%
$0
Property Management
10%
$129
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0