This property looks like a bad Long-Term investment with a projected -6.8% first-year return on $65,100 initial cash invested.
-6.8%
Cash On Cash
5.14%
Cap Rate
0.85
DSCR
$2,553
Rent
-$369
Cashflow
Cash Flow
$2,553 income − $2,922 expenses = $369 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,553
Total Expenses
$2,922
Mortgage P&I
61%
$1,568
Property Taxes
23%
$582
Home Insurance
4%
$108
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0