This property looks like a bad Long-Term investment with a projected -8.98% first-year return on $65,079 initial cash invested.
-8.98%
Cash On Cash
5.12%
Cap Rate
0.78
DSCR
$2,100
Rent
-$487
Cashflow
Cash Flow
$2,100 income − $2,587 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,079
Downpayment
20%
$61,980
Closing costs
1%
$3,099
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,100
Total Expenses
$2,587
Mortgage P&I
81%
$1,704
Property Taxes
10%
$212
Home Insurance
5%
$108
HOA
1%
$17
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0