This property looks like a bad Long-Term investment with a projected -6.33% first-year return on $66,150 initial cash invested.
-6.33%
Cash On Cash
5.73%
Cap Rate
0.87
DSCR
$2,356
Rent
-$349
Cashflow
Cash Flow
$2,356 income − $2,705 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,356
Total Expenses
$2,705
Mortgage P&I
74%
$1,734
Property Taxes
10%
$246
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0