This property looks like a bad Long-Term investment with a projected -4.55% first-year return on $66,990 initial cash invested.
-4.55%
Cash On Cash
5.79%
Cap Rate
0.92
DSCR
$2,433
Rent
-$254
Cashflow
Cash Flow
$2,433 income − $2,687 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,990
Downpayment
20%
$63,800
Closing costs
1%
$3,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,433
Total Expenses
$2,687
Mortgage P&I
69%
$1,670
Property Taxes
11%
$272
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0