This property looks like a bad Long-Term investment with a projected -13.06% first-year return on $66,150 initial cash invested.
-13.06%
Cash On Cash
4.42%
Cap Rate
0.65
DSCR
$2,156
Rent
-$720
Cashflow
Cash Flow
$2,156 income − $2,876 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,156
Total Expenses
$2,876
Mortgage P&I
82%
$1,771
Property Taxes
19%
$401
Home Insurance
5%
$110
HOA
2%
$33
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0