This property looks like a bad Long-Term investment with a projected -0.99% first-year return on $69,090 initial cash invested.
-0.99%
Cash On Cash
6.4%
Cap Rate
1.05
DSCR
$2,870
Rent
-$57
Cashflow
Cash Flow
$2,870 income − $2,927 expenses = $57 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,090
Downpayment
20%
$65,800
Closing costs
1%
$3,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,870
Total Expenses
$2,927
Mortgage P&I
58%
$1,669
Property Taxes
14%
$396
Home Insurance
4%
$115
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0