This property looks like a bad Long-Term investment with a projected -12.26% first-year return on $65,079 initial cash invested.
-12.26%
Cash On Cash
4.19%
Cap Rate
0.65
DSCR
$1,894
Rent
-$665
Cashflow
Cash Flow
$1,894 income − $2,559 expenses = $665 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,894
Total Expenses
$2,559
Mortgage P&I
87%
$1,651
Property Taxes
16%
$307
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0