This property looks like a bad Long-Term investment with a projected -13.16% first-year return on $65,100 initial cash invested.
-13.16%
Cash On Cash
4.33%
Cap Rate
0.65
DSCR
$2,086
Rent
-$714
Cashflow
Cash Flow
$2,086 income − $2,800 expenses = $714 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,086
Total Expenses
$2,800
Mortgage P&I
83%
$1,729
Property Taxes
20%
$421
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0