This property looks like a bad Long-Term investment with a projected -3.89% first-year return on $65,121 initial cash invested.
-3.89%
Cash On Cash
6.24%
Cap Rate
0.95
DSCR
$2,392
Rent
-$211
Cashflow
Cash Flow
$2,392 income − $2,603 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,121
Downpayment
20%
$62,020
Closing costs
1%
$3,101
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,392
Total Expenses
$2,603
Mortgage P&I
71%
$1,703
Property Taxes
7%
$174
Home Insurance
4%
$103
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0