This property looks like a bad Long-Term investment with a projected -14.75% first-year return on $65,100 initial cash invested.
-14.75%
Cash On Cash
3.75%
Cap Rate
0.57
DSCR
$1,434
Rent
-$800
Cashflow
Cash Flow
$1,434 income − $2,234 expenses = $800 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
$1,434
Total Expenses
$2,234
Mortgage P&I
118%
$1,696
Property Taxes
4%
$57
Home Insurance
8%
$108
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0