This property looks like a bad Long-Term investment with a projected -23.06% first-year return on $65,100 initial cash invested.
-23.06%
Cash On Cash
1.99%
Cap Rate
0.3
DSCR
$851
Rent
-$1,251
Cashflow
Cash Flow
$851 income − $2,102 expenses = $1,251 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.4%
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
$851
Total Expenses
$2,102
Mortgage P&I
202%
$1,723
Property Taxes
6%
$49
Home Insurance
13%
$108
HOA
0%
$0
Property Management
10%
$85
CapEx
5%
$43
Vacancy
6%
$51
Maintenance
5%
$43
Other
0%
$0