This property looks like a bad Long-Term investment with a projected -2.88% first-year return on $68,229 initial cash invested.
-2.88%
Cash On Cash
6.29%
Cap Rate
0.98
DSCR
$2,420
Rent
-$164
Cashflow
Cash Flow
$2,420 income − $2,584 expenses = $164 out of pocket
Investment Breakdown
|
Purchase Price
$325k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,229
Downpayment
20%
$64,980
Closing costs
1%
$3,249
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,420
Total Expenses
$2,584
Mortgage P&I
72%
$1,747
Property Taxes
4%
$94
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0