This property looks like a bad Long-Term investment with a projected -10.39% first-year return on $64,995 initial cash invested.
-10.39%
Cash On Cash
4.71%
Cap Rate
0.72
DSCR
$1,759
Rent
-$563
Cashflow
Cash Flow
$1,759 income − $2,322 expenses = $563 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,995
Downpayment
20%
$61,900
Closing costs
1%
$3,095
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,759
Total Expenses
$2,322
Mortgage P&I
96%
$1,691
Property Taxes
4%
$65
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0