This property looks like a bad Long-Term investment with a projected -5.84% first-year return on $66,990 initial cash invested.
-5.84%
Cash On Cash
5.74%
Cap Rate
0.88
DSCR
$2,223
Rent
-$326
Cashflow
Cash Flow
$2,223 income − $2,549 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,223
Total Expenses
$2,549
Mortgage P&I
78%
$1,741
Property Taxes
5%
$119
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0