This property looks like a bad Long-Term investment with a projected -11.26% first-year return on $65,100 initial cash invested.
-11.26%
Cash On Cash
4.07%
Cap Rate
0.67
DSCR
$1,754
Rent
-$611
Cashflow
Cash Flow
$1,754 income − $2,365 expenses = $611 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,754
Total Expenses
$2,365
Mortgage P&I
90%
$1,574
Property Taxes
13%
$227
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0