This property looks like a bad Long-Term investment with a projected -2.51% first-year return on $65,100 initial cash invested.
-2.51%
Cash On Cash
6.14%
Cap Rate
0.99
DSCR
$2,558
Rent
-$136
Cashflow
Cash Flow
$2,558 income − $2,694 expenses = $136 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,558
Total Expenses
$2,694
Mortgage P&I
62%
$1,595
Property Taxes
13%
$326
Home Insurance
4%
$108
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0