This property looks like a bad Long-Term investment with a projected -26% first-year return on $66,150 initial cash invested.
-26%
Cash On Cash
1.43%
Cap Rate
0.21
DSCR
$996
Rent
-$1,433
Cashflow
Cash Flow
$996 income − $2,429 expenses = $1,433 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.5%
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
$996
Total Expenses
$2,429
Mortgage P&I
177%
$1,758
Property Taxes
30%
$301
Home Insurance
11%
$110
HOA
0%
$0
Property Management
10%
$100
CapEx
5%
$50
Vacancy
6%
$60
Maintenance
5%
$50
Other
0%
$0