This property looks like a bad Long-Term investment with a projected -4.48% first-year return on $65,121 initial cash invested.
-4.48%
Cash On Cash
6.12%
Cap Rate
0.93
DSCR
$2,333
Rent
-$243
Cashflow
Cash Flow
$2,333 income − $2,576 expenses = $243 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,121
Downpayment
20%
$62,020
Closing costs
1%
$3,101
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,333
Total Expenses
$2,576
Mortgage P&I
73%
$1,707
Property Taxes
7%
$154
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0