This property looks like a bad Long-Term investment with a projected -17.94% first-year return on $65,079 initial cash invested.
-17.94%
Cash On Cash
2.82%
Cap Rate
0.44
DSCR
$1,263
Rent
-$973
Cashflow
Cash Flow
$1,263 income − $2,236 expenses = $973 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,263
Total Expenses
$2,236
Mortgage P&I
130%
$1,637
Property Taxes
13%
$163
Home Insurance
9%
$108
HOA
0%
$0
Property Management
10%
$126
CapEx
5%
$63
Vacancy
6%
$76
Maintenance
5%
$63
Other
0%
$0