This property looks like a bad Long-Term investment with a projected -12.14% first-year return on $65,037 initial cash invested.
-12.14%
Cash On Cash
4.27%
Cap Rate
0.66
DSCR
$1,909
Rent
-$658
Cashflow
Cash Flow
$1,909 income − $2,567 expenses = $658 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,037
Downpayment
20%
$61,940
Closing costs
1%
$3,097
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,909
Total Expenses
$2,567
Mortgage P&I
87%
$1,664
Property Taxes
16%
$299
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$115
Maintenance
5%
$95
Other
0%
$0