This property looks like a bad Long-Term investment with a projected -13.16% first-year return on $65,121 initial cash invested.
-13.16%
Cash On Cash
4.32%
Cap Rate
0.64
DSCR
$1,922
Rent
-$714
Cashflow
Cash Flow
$1,922 income − $2,636 expenses = $714 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,121
Downpayment
20%
$62,020
Closing costs
1%
$3,101
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,922
Total Expenses
$2,636
Mortgage P&I
90%
$1,735
Property Taxes
15%
$290
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0