This property looks like a bad Long-Term investment with a projected -17.24% first-year return on $65,100 initial cash invested.
-17.24%
Cash On Cash
3.13%
Cap Rate
0.48
DSCR
$1,405
Rent
-$935
Cashflow
Cash Flow
$1,405 income − $2,340 expenses = $935 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,405
Total Expenses
$2,340
Mortgage P&I
119%
$1,674
Property Taxes
14%
$194
Home Insurance
8%
$108
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0