This property looks like a bad Long-Term investment with a projected -11.85% first-year return on $65,100 initial cash invested.
-11.85%
Cash On Cash
3.94%
Cap Rate
0.64
DSCR
$1,621
Rent
-$643
Cashflow
Cash Flow
$1,621 income − $2,264 expenses = $643 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,621
Total Expenses
$2,264
Mortgage P&I
97%
$1,579
Property Taxes
10%
$156
Home Insurance
7%
$108
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0