This property looks like a bad Long-Term investment with a projected -12.77% first-year return on $65,100 initial cash invested.
-12.77%
Cash On Cash
3.87%
Cap Rate
0.62
DSCR
$1,598
Rent
-$693
Cashflow
Cash Flow
$1,598 income − $2,291 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,598
Total Expenses
$2,291
Mortgage P&I
101%
$1,614
Property Taxes
10%
$153
Home Insurance
7%
$108
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0