This property looks like a bad Long-Term investment with a projected -11.67% first-year return on $65,100 initial cash invested.
-11.67%
Cash On Cash
4.24%
Cap Rate
0.66
DSCR
$1,554
Rent
-$633
Cashflow
Cash Flow
$1,554 income − $2,187 expenses = $633 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,554
Total Expenses
$2,187
Mortgage P&I
106%
$1,650
Property Taxes
2%
$25
Home Insurance
7%
$108
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0