This property looks like a bad Long-Term investment with a projected -11.99% first-year return on $65,142 initial cash invested.
-11.99%
Cash On Cash
4.56%
Cap Rate
0.68
DSCR
$1,850
Rent
-$651
Cashflow
Cash Flow
$1,850 income − $2,501 expenses = $651 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,142
Downpayment
20%
$62,040
Closing costs
1%
$3,102
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,850
Total Expenses
$2,501
Mortgage P&I
94%
$1,737
Property Taxes
9%
$172
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0