This property looks like a bad Long-Term investment with a projected -4.75% first-year return on $67,977 initial cash invested.
-4.75%
Cash On Cash
5.94%
Cap Rate
0.92
DSCR
$2,523
Rent
-$269
Cashflow
Cash Flow
$2,523 income − $2,792 expenses = $269 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,977
Downpayment
20%
$64,740
Closing costs
1%
$3,237
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,523
Total Expenses
$2,792
Mortgage P&I
69%
$1,745
Property Taxes
11%
$284
Home Insurance
4%
$108
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0