This property looks like a bad Long-Term investment with a projected -3.67% first-year return on $65,079 initial cash invested.
-3.67%
Cash On Cash
6.15%
Cap Rate
0.95
DSCR
$2,252
Rent
-$199
Cashflow
Cash Flow
$2,252 income − $2,451 expenses = $199 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
$2,252
Total Expenses
$2,451
Mortgage P&I
74%
$1,675
Property Taxes
4%
$82
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0