This property looks like a bad Long-Term investment with a projected -10.6% first-year return on $65,079 initial cash invested.
-10.6%
Cash On Cash
4.7%
Cap Rate
0.72
DSCR
$1,857
Rent
-$575
Cashflow
Cash Flow
$1,857 income − $2,432 expenses = $575 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,857
Total Expenses
$2,432
Mortgage P&I
91%
$1,697
Property Taxes
7%
$138
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0