This property looks like a bad Long-Term investment with a projected -16.07% first-year return on $65,058 initial cash invested.
-16.07%
Cash On Cash
3.58%
Cap Rate
0.55
DSCR
$2,048
Rent
-$871
Cashflow
Cash Flow
$2,048 income − $2,919 expenses = $871 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,058
Downpayment
20%
$61,960
Closing costs
1%
$3,098
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,048
Total Expenses
$2,919
Mortgage P&I
83%
$1,694
Property Taxes
28%
$583
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0