This property looks like a bad Long-Term investment with a projected -9% first-year return on $65,100 initial cash invested.
-9%
Cash On Cash
4.65%
Cap Rate
0.76
DSCR
$2,138
Rent
-$488
Cashflow
Cash Flow
$2,138 income − $2,626 expenses = $488 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
$2,138
Total Expenses
$2,626
Mortgage P&I
74%
$1,583
Property Taxes
18%
$379
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0