This property looks like a bad Long-Term investment with a projected -26.32% first-year return on $65,100 initial cash invested.
-26.32%
Cash On Cash
0.78%
Cap Rate
0.13
DSCR
$802
Rent
-$1,428
Cashflow
Cash Flow
$802 income − $2,230 expenses = $1,428 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.6%
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
$802
Total Expenses
$2,230
Mortgage P&I
198%
$1,590
Property Taxes
40%
$324
Home Insurance
13%
$108
HOA
0%
$0
Property Management
10%
$80
CapEx
5%
$40
Vacancy
6%
$48
Maintenance
5%
$40
Other
0%
$0