This property looks like a bad Long-Term investment with a projected -14.49% first-year return on $65,100 initial cash invested.
-14.49%
Cash On Cash
3.92%
Cap Rate
0.59
DSCR
$1,591
Rent
-$786
Cashflow
Cash Flow
$1,591 income − $2,377 expenses = $786 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,591
Total Expenses
$2,377
Mortgage P&I
108%
$1,718
Property Taxes
9%
$137
Home Insurance
7%
$108
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$95
Maintenance
5%
$80
Other
0%
$0