This property looks like a bad Long-Term investment with a projected -7.1% first-year return on $66,129 initial cash invested.
-7.1%
Cash On Cash
5.48%
Cap Rate
0.84
DSCR
$2,509
Rent
-$391
Cashflow
Cash Flow
$2,509 income − $2,900 expenses = $391 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,129
Downpayment
20%
$62,980
Closing costs
1%
$3,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,509
Total Expenses
$2,900
Mortgage P&I
68%
$1,704
Property Taxes
17%
$434
Home Insurance
4%
$110
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$151
Maintenance
5%
$125
Other
0%
$0