This property looks like a bad Long-Term investment with a projected -4.2% first-year return on $68,229 initial cash invested.
-4.2%
Cash On Cash
5.7%
Cap Rate
0.93
DSCR
$2,372
Rent
-$239
Cashflow
Cash Flow
$2,372 income − $2,611 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$325k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,229
Downpayment
20%
$64,980
Closing costs
1%
$3,249
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,372
Total Expenses
$2,611
Mortgage P&I
70%
$1,664
Property Taxes
9%
$216
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0