This property looks like a bad Long-Term investment with a projected -3.64% first-year return on $67,872 initial cash invested.
-3.64%
Cash On Cash
5.88%
Cap Rate
0.94
DSCR
$2,266
Rent
-$206
Cashflow
Cash Flow
$2,266 income − $2,472 expenses = $206 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,872
Downpayment
20%
$64,640
Closing costs
1%
$3,232
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,266
Total Expenses
$2,472
Mortgage P&I
74%
$1,678
Property Taxes
5%
$105
Home Insurance
4%
$100
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0