This property looks like a bad Long-Term investment with a projected -8.02% first-year return on $66,108 initial cash invested.
-8.02%
Cash On Cash
5.31%
Cap Rate
0.82
DSCR
$2,761
Rent
-$442
Cashflow
Cash Flow
$2,761 income − $3,203 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,108
Downpayment
20%
$62,960
Closing costs
1%
$3,148
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,761
Total Expenses
$3,203
Mortgage P&I
62%
$1,698
Property Taxes
24%
$675
Home Insurance
4%
$112
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0