This property looks like a bad Long-Term investment with a projected -10.99% first-year return on $65,079 initial cash invested.
-10.99%
Cash On Cash
4.62%
Cap Rate
0.7
DSCR
$1,825
Rent
-$596
Cashflow
Cash Flow
$1,825 income − $2,421 expenses = $596 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,825
Total Expenses
$2,421
Mortgage P&I
93%
$1,698
Property Taxes
8%
$139
Home Insurance
6%
$110
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0