This property looks like a bad Long-Term investment with a projected -0.47% first-year return on $66,066 initial cash invested.
-0.47%
Cash On Cash
6.62%
Cap Rate
1.06
DSCR
$2,552
Rent
-$26
Cashflow
Cash Flow
$2,552 income − $2,578 expenses = $26 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,066
Downpayment
20%
$62,920
Closing costs
1%
$3,146
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,552
Total Expenses
$2,578
Mortgage P&I
64%
$1,634
Property Taxes
7%
$166
Home Insurance
4%
$114
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0