This property looks like a bad Long-Term investment with a projected -8.3% first-year return on $66,045 initial cash invested.
-8.3%
Cash On Cash
4.82%
Cap Rate
0.78
DSCR
$1,967
Rent
-$457
Cashflow
Cash Flow
$1,967 income − $2,424 expenses = $457 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,045
Downpayment
20%
$62,900
Closing costs
1%
$3,145
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,967
Total Expenses
$2,424
Mortgage P&I
83%
$1,623
Property Taxes
9%
$178
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0