This property looks like a bad Long-Term investment with a projected -8.36% first-year return on $66,150 initial cash invested.
-8.36%
Cash On Cash
5.01%
Cap Rate
0.79
DSCR
$2,151
Rent
-$461
Cashflow
Cash Flow
$2,151 income − $2,612 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,151
Total Expenses
$2,612
Mortgage P&I
78%
$1,669
Property Taxes
13%
$273
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0