This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $65,100 initial cash invested.
-12.2%
Cash On Cash
4.36%
Cap Rate
0.66
DSCR
$1,674
Rent
-$662
Cashflow
Cash Flow
$1,674 income − $2,336 expenses = $662 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,674
Total Expenses
$2,336
Mortgage P&I
102%
$1,705
Property Taxes
5%
$88
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0