This property looks like a bad Long-Term investment with a projected -14.71% first-year return on $65,079 initial cash invested.
-14.71%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$1,615
Rent
-$798
Cashflow
Cash Flow
$1,615 income − $2,413 expenses = $798 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,079
Downpayment
20%
$61,980
Closing costs
1%
$3,099
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,615
Total Expenses
$2,413
Mortgage P&I
104%
$1,679
Property Taxes
13%
$205
Home Insurance
7%
$108
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0