This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $64,995 initial cash invested.
-12.85%
Cash On Cash
3.8%
Cap Rate
0.62
DSCR
$2,012
Rent
-$696
Cashflow
Cash Flow
$2,012 income − $2,708 expenses = $696 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,995
Downpayment
20%
$61,900
Closing costs
1%
$3,095
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,012
Total Expenses
$2,708
Mortgage P&I
78%
$1,576
Property Taxes
23%
$464
Home Insurance
6%
$119
HOA
1%
$25
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0