This property looks like a bad Long-Term investment with a projected -13.59% first-year return on $65,079 initial cash invested.
-13.59%
Cash On Cash
3.69%
Cap Rate
0.59
DSCR
$1,596
Rent
-$737
Cashflow
Cash Flow
$1,596 income − $2,333 expenses = $737 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,079
Downpayment
20%
$61,980
Closing costs
1%
$3,099
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,596
Total Expenses
$2,333
Mortgage P&I
101%
$1,610
Property Taxes
12%
$186
Home Insurance
7%
$108
HOA
1%
$13
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0