This property looks like a bad Long-Term investment with a projected -5.92% first-year return on $65,079 initial cash invested.
-5.92%
Cash On Cash
5.55%
Cap Rate
0.87
DSCR
$2,043
Rent
-$321
Cashflow
Cash Flow
$2,043 income − $2,364 expenses = $321 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,043
Total Expenses
$2,364
Mortgage P&I
81%
$1,653
Property Taxes
4%
$72
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0