This property looks like a bad Long-Term investment with a projected -11.05% first-year return on $66,150 initial cash invested.
-11.05%
Cash On Cash
4.17%
Cap Rate
0.68
DSCR
$1,933
Rent
-$609
Cashflow
Cash Flow
$1,933 income − $2,542 expenses = $609 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,933
Total Expenses
$2,542
Mortgage P&I
83%
$1,607
Property Taxes
17%
$322
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0