This property looks like a bad Long-Term investment with a projected -6.24% first-year return on $67,704 initial cash invested.
-6.24%
Cash On Cash
5.19%
Cap Rate
0.85
DSCR
$2,214
Rent
-$352
Cashflow
Cash Flow
$2,214 income − $2,566 expenses = $352 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,704
Downpayment
20%
$64,480
Closing costs
1%
$3,224
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,214
Total Expenses
$2,566
Mortgage P&I
74%
$1,635
Property Taxes
11%
$239
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0