This property looks like a bad Long-Term investment with a projected -12.33% first-year return on $65,184 initial cash invested.
-12.33%
Cash On Cash
4.13%
Cap Rate
0.65
DSCR
$1,639
Rent
-$670
Cashflow
Cash Flow
$1,639 income − $2,309 expenses = $670 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,184
Downpayment
20%
$62,080
Closing costs
1%
$3,104
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,639
Total Expenses
$2,309
Mortgage P&I
101%
$1,657
Property Taxes
7%
$112
Home Insurance
7%
$114
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0