This property looks like a bad Long-Term investment with a projected -5.64% first-year return on $65,163 initial cash invested.
-5.64%
Cash On Cash
5.57%
Cap Rate
0.89
DSCR
$2,521
Rent
-$306
Cashflow
Cash Flow
$2,521 income − $2,827 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,163
Downpayment
20%
$62,060
Closing costs
1%
$3,103
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,521
Total Expenses
$2,827
Mortgage P&I
64%
$1,620
Property Taxes
18%
$444
Home Insurance
4%
$108
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0