This property looks like a bad Long-Term investment with a projected -11.89% first-year return on $65,100 initial cash invested.
-11.89%
Cash On Cash
3.97%
Cap Rate
0.65
DSCR
$1,807
Rent
-$645
Cashflow
Cash Flow
$1,807 income − $2,452 expenses = $645 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,807
Total Expenses
$2,452
Mortgage P&I
87%
$1,581
Property Taxes
16%
$294
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0