This property looks like a bad Long-Term investment with a projected -7.39% first-year return on $65,100 initial cash invested.
-7.39%
Cash On Cash
5.54%
Cap Rate
0.83
DSCR
$2,118
Rent
-$401
Cashflow
Cash Flow
$2,118 income − $2,519 expenses = $401 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,118
Total Expenses
$2,519
Mortgage P&I
82%
$1,727
Property Taxes
6%
$133
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0