This property looks like a bad Long-Term investment with a projected -16.38% first-year return on $65,058 initial cash invested.
-16.38%
Cash On Cash
3.7%
Cap Rate
0.55
DSCR
$2,051
Rent
-$888
Cashflow
Cash Flow
$2,051 income − $2,939 expenses = $888 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,058
Downpayment
20%
$61,960
Closing costs
1%
$3,098
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,051
Total Expenses
$2,939
Mortgage P&I
85%
$1,741
Property Taxes
20%
$412
Home Insurance
6%
$119
HOA
6%
$133
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0