This property looks like a bad Long-Term investment with a projected -7.93% first-year return on $65,100 initial cash invested.
-7.93%
Cash On Cash
4.85%
Cap Rate
0.79
DSCR
$1,956
Rent
-$430
Cashflow
Cash Flow
$1,956 income − $2,386 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,956
Total Expenses
$2,386
Mortgage P&I
81%
$1,586
Property Taxes
9%
$183
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0