This property looks like a bad Long-Term investment with a projected -6.73% first-year return on $67,788 initial cash invested.
-6.73%
Cash On Cash
5.37%
Cap Rate
0.85
DSCR
$2,339
Rent
-$380
Cashflow
Cash Flow
$2,339 income − $2,719 expenses = $380 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,788
Downpayment
20%
$64,560
Closing costs
1%
$3,228
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,339
Total Expenses
$2,719
Mortgage P&I
73%
$1,708
Property Taxes
12%
$288
Home Insurance
5%
$115
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0