This property looks like a bad Long-Term investment with a projected -13.55% first-year return on $65,100 initial cash invested.
-13.55%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$1,628
Rent
-$735
Cashflow
Cash Flow
$1,628 income − $2,363 expenses = $735 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,628
Total Expenses
$2,363
Mortgage P&I
103%
$1,685
Property Taxes
9%
$147
Home Insurance
7%
$108
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0