This property looks like a bad Long-Term investment with a projected -5.81% first-year return on $65,100 initial cash invested.
-5.81%
Cash On Cash
5.79%
Cap Rate
0.88
DSCR
$2,264
Rent
-$315
Cashflow
Cash Flow
$2,264 income − $2,579 expenses = $315 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,264
Total Expenses
$2,579
Mortgage P&I
75%
$1,697
Property Taxes
8%
$186
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0