This property looks like a bad Long-Term investment with a projected -13.65% first-year return on $65,142 initial cash invested.
-13.65%
Cash On Cash
4.09%
Cap Rate
0.63
DSCR
$2,228
Rent
-$741
Cashflow
Cash Flow
$2,228 income − $2,969 expenses = $741 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,228
Total Expenses
$2,969
Mortgage P&I
76%
$1,686
Property Taxes
13%
$291
Home Insurance
5%
$114
HOA
13%
$299
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0