This property looks like a bad Long-Term investment with a projected -8.16% first-year return on $65,016 initial cash invested.
-8.16%
Cash On Cash
5.23%
Cap Rate
0.8
DSCR
$2,160
Rent
-$442
Cashflow
Cash Flow
$2,160 income − $2,602 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,016
Downpayment
20%
$61,920
Closing costs
1%
$3,096
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,160
Total Expenses
$2,602
Mortgage P&I
78%
$1,683
Property Taxes
11%
$247
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0