This property looks like a bad Long-Term investment with a projected -18.1% first-year return on $66,150 initial cash invested.
-18.1%
Cash On Cash
2.97%
Cap Rate
0.46
DSCR
$1,316
Rent
-$998
Cashflow
Cash Flow
$1,316 income − $2,314 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,316
Total Expenses
$2,314
Mortgage P&I
130%
$1,711
Property Taxes
11%
$150
Home Insurance
8%
$110
HOA
0%
$0
Property Management
10%
$132
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0