This property looks like a bad Long-Term investment with a projected -6.37% first-year return on $66,150 initial cash invested.
-6.37%
Cash On Cash
5.22%
Cap Rate
0.85
DSCR
$2,261
Rent
-$351
Cashflow
Cash Flow
$2,261 income − $2,612 expenses = $351 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
$2,261
Total Expenses
$2,612
Mortgage P&I
71%
$1,608
Property Taxes
14%
$306
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0