This property looks like a bad Long-Term investment with a projected -17.38% first-year return on $65,100 initial cash invested.
-17.38%
Cash On Cash
2.98%
Cap Rate
0.47
DSCR
$1,602
Rent
-$943
Cashflow
Cash Flow
$1,602 income − $2,545 expenses = $943 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,602
Total Expenses
$2,545
Mortgage P&I
102%
$1,634
Property Taxes
24%
$387
Home Insurance
7%
$108
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0