This property looks like a bad Long-Term investment with a projected -12.41% first-year return on $65,100 initial cash invested.
-12.41%
Cash On Cash
4.47%
Cap Rate
0.67
DSCR
$1,907
Rent
-$673
Cashflow
Cash Flow
$1,907 income − $2,580 expenses = $673 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
$1,907
Total Expenses
$2,580
Mortgage P&I
91%
$1,733
Property Taxes
13%
$244
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0