This property looks like a bad Long-Term investment with a projected -10.77% first-year return on $66,045 initial cash invested.
-10.77%
Cash On Cash
4.85%
Cap Rate
0.72
DSCR
$2,022
Rent
-$593
Cashflow
Cash Flow
$2,022 income − $2,615 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,045
Downpayment
20%
$62,900
Closing costs
1%
$3,145
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,022
Total Expenses
$2,615
Mortgage P&I
87%
$1,763
Property Taxes
11%
$217
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0