This property looks like a bad Long-Term investment with a projected -4.52% first-year return on $67,683 initial cash invested.
-4.52%
Cash On Cash
6.17%
Cap Rate
0.92
DSCR
$2,378
Rent
-$255
Cashflow
Cash Flow
$2,378 income − $2,633 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,683
Downpayment
20%
$64,460
Closing costs
1%
$3,223
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,378
Total Expenses
$2,633
Mortgage P&I
75%
$1,793
Property Taxes
5%
$107
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0