This property looks like a bad Long-Term investment with a projected -6.6% first-year return on $65,100 initial cash invested.
-6.6%
Cash On Cash
5.61%
Cap Rate
0.85
DSCR
$2,106
Rent
-$358
Cashflow
Cash Flow
$2,106 income − $2,464 expenses = $358 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
$2,106
Total Expenses
$2,464
Mortgage P&I
81%
$1,701
Property Taxes
5%
$108
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0