This property looks like a bad Long-Term investment with a projected -4.18% first-year return on $65,100 initial cash invested.
-4.18%
Cash On Cash
5.83%
Cap Rate
0.93
DSCR
$2,416
Rent
-$227
Cashflow
Cash Flow
$2,416 income − $2,643 expenses = $227 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,416
Total Expenses
$2,643
Mortgage P&I
67%
$1,611
Property Taxes
12%
$295
Home Insurance
4%
$108
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0