This property looks like a bad Long-Term investment with a projected -14.45% first-year return on $65,100 initial cash invested.
-14.45%
Cash On Cash
3.68%
Cap Rate
0.58
DSCR
$1,752
Rent
-$784
Cashflow
Cash Flow
$1,752 income − $2,536 expenses = $784 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,752
Total Expenses
$2,536
Mortgage P&I
94%
$1,647
Property Taxes
19%
$325
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0