This property looks like a bad Long-Term investment with a projected -6.85% first-year return on $67,809 initial cash invested.
-6.85%
Cash On Cash
5.49%
Cap Rate
0.85
DSCR
$2,495
Rent
-$387
Cashflow
Cash Flow
$2,495 income − $2,882 expenses = $387 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,809
Downpayment
20%
$64,580
Closing costs
1%
$3,229
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,495
Total Expenses
$2,882
Mortgage P&I
70%
$1,740
Property Taxes
15%
$378
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0