This property looks like a bad Long-Term investment with a projected -9.49% first-year return on $65,100 initial cash invested.
-9.49%
Cash On Cash
4.96%
Cap Rate
0.75
DSCR
$1,912
Rent
-$515
Cashflow
Cash Flow
$1,912 income − $2,427 expenses = $515 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,912
Total Expenses
$2,427
Mortgage P&I
89%
$1,701
Property Taxes
6%
$120
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0