This property looks like a bad Long-Term investment with a projected -0.77% first-year return on $65,163 initial cash invested.
-0.77%
Cash On Cash
6.99%
Cap Rate
1.05
DSCR
$2,554
Rent
-$42
Cashflow
Cash Flow
$2,554 income − $2,596 expenses = $42 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,163
Downpayment
20%
$62,060
Closing costs
1%
$3,103
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,554
Total Expenses
$2,596
Mortgage P&I
67%
$1,722
Property Taxes
4%
$100
Home Insurance
4%
$110
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0