This property looks like a bad Long-Term investment with a projected -0.55% first-year return on $65,079 initial cash invested.
-0.55%
Cash On Cash
6.98%
Cap Rate
1.08
DSCR
$3,125
Rent
-$30
Cashflow
Cash Flow
$3,125 income − $3,155 expenses = $30 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
$3,125
Total Expenses
$3,155
Mortgage P&I
54%
$1,676
Property Taxes
18%
$562
Home Insurance
3%
$105
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$188
Maintenance
5%
$156
Other
0%
$0