This property looks like a bad Long-Term investment with a projected -7.41% first-year return on $65,058 initial cash invested.
-7.41%
Cash On Cash
5.38%
Cap Rate
0.82
DSCR
$1,955
Rent
-$402
Cashflow
Cash Flow
$1,955 income − $2,357 expenses = $402 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,058
Downpayment
20%
$61,960
Closing costs
1%
$3,098
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,955
Total Expenses
$2,357
Mortgage P&I
87%
$1,693
Property Taxes
2%
$47
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0