This property looks like a bad Long-Term investment with a projected -3.49% first-year return on $67,473 initial cash invested.
-3.49%
Cash On Cash
5.79%
Cap Rate
0.95
DSCR
$2,405
Rent
-$196
Cashflow
Cash Flow
$2,405 income − $2,601 expenses = $196 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,473
Downpayment
20%
$64,260
Closing costs
1%
$3,213
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,405
Total Expenses
$2,601
Mortgage P&I
68%
$1,625
Property Taxes
10%
$238
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0