This property looks like a bad Long-Term investment with a projected -2.52% first-year return on $66,150 initial cash invested.
-2.52%
Cash On Cash
6.02%
Cap Rate
0.99
DSCR
$2,454
Rent
-$139
Cashflow
Cash Flow
$2,454 income − $2,593 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,454
Total Expenses
$2,593
Mortgage P&I
65%
$1,596
Property Taxes
10%
$249
Home Insurance
4%
$110
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0