This property looks like a bad Long-Term investment with a projected -10.18% first-year return on $65,100 initial cash invested.
-10.18%
Cash On Cash
4.92%
Cap Rate
0.74
DSCR
$2,284
Rent
-$552
Cashflow
Cash Flow
$2,284 income − $2,836 expenses = $552 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,284
Total Expenses
$2,836
Mortgage P&I
75%
$1,708
Property Taxes
19%
$427
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0