This property looks like a bad Long-Term investment with a projected -5.85% first-year return on $67,032 initial cash invested.
-5.85%
Cash On Cash
6.03%
Cap Rate
0.89
DSCR
$2,662
Rent
-$327
Cashflow
Cash Flow
$2,662 income − $2,989 expenses = $327 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,032
Downpayment
20%
$63,840
Closing costs
1%
$3,192
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,662
Total Expenses
$2,989
Mortgage P&I
68%
$1,798
Property Taxes
15%
$387
Home Insurance
4%
$112
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0