This property looks like a bad Long-Term investment with a projected -11.71% first-year return on $65,100 initial cash invested.
-11.71%
Cash On Cash
4.49%
Cap Rate
0.68
DSCR
$1,819
Rent
-$635
Cashflow
Cash Flow
$1,819 income − $2,454 expenses = $635 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
$1,819
Total Expenses
$2,454
Mortgage P&I
94%
$1,704
Property Taxes
9%
$167
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0