This property looks like a bad Long-Term investment with a projected -7.75% first-year return on $65,037 initial cash invested.
-7.75%
Cash On Cash
4.96%
Cap Rate
0.81
DSCR
$2,462
Rent
-$420
Cashflow
Cash Flow
$2,462 income − $2,882 expenses = $420 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,037
Downpayment
20%
$61,940
Closing costs
1%
$3,097
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,462
Total Expenses
$2,882
Mortgage P&I
64%
$1,576
Property Taxes
22%
$550
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0