This property looks like a bad Long-Term investment with a projected -2.24% first-year return on $66,969 initial cash invested.
-2.24%
Cash On Cash
6.64%
Cap Rate
1
DSCR
$2,589
Rent
-$125
Cashflow
Cash Flow
$2,589 income − $2,714 expenses = $125 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,969
Downpayment
20%
$63,780
Closing costs
1%
$3,189
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,589
Total Expenses
$2,714
Mortgage P&I
68%
$1,760
Property Taxes
6%
$168
Home Insurance
4%
$114
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0