This property looks like a bad Long-Term investment with a projected -6.89% first-year return on $67,410 initial cash invested.
-6.89%
Cash On Cash
5.73%
Cap Rate
0.86
DSCR
$2,605
Rent
-$387
Cashflow
Cash Flow
$2,605 income − $2,992 expenses = $387 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,410
Downpayment
20%
$64,200
Closing costs
1%
$3,210
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,605
Total Expenses
$2,992
Mortgage P&I
69%
$1,789
Property Taxes
16%
$415
Home Insurance
4%
$112
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0