This property looks like a bad Long-Term investment with a projected -5.83% first-year return on $67,053 initial cash invested.
-5.83%
Cash On Cash
5.84%
Cap Rate
0.89
DSCR
$2,543
Rent
-$326
Cashflow
Cash Flow
$2,543 income − $2,869 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,053
Downpayment
20%
$63,860
Closing costs
1%
$3,193
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,543
Total Expenses
$2,869
Mortgage P&I
69%
$1,753
Property Taxes
13%
$341
Home Insurance
4%
$114
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0