This property looks like a bad Long-Term investment with a projected -8.47% first-year return on $66,192 initial cash invested.
-8.47%
Cash On Cash
5.07%
Cap Rate
0.79
DSCR
$2,094
Rent
-$467
Cashflow
Cash Flow
$2,094 income − $2,561 expenses = $467 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,192
Downpayment
20%
$63,040
Closing costs
1%
$3,152
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,094
Total Expenses
$2,561
Mortgage P&I
81%
$1,694
Property Taxes
10%
$212
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0