This property looks like a bad Long-Term investment with a projected -5.59% first-year return on $66,150 initial cash invested.
-5.59%
Cash On Cash
5.69%
Cap Rate
0.88
DSCR
$2,158
Rent
-$308
Cashflow
Cash Flow
$2,158 income − $2,466 expenses = $308 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,158
Total Expenses
$2,466
Mortgage P&I
78%
$1,693
Property Taxes
5%
$102
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0