This property looks like a bad Long-Term investment with a projected -11.17% first-year return on $67,557 initial cash invested.
-11.17%
Cash On Cash
4.38%
Cap Rate
0.69
DSCR
$1,829
Rent
-$629
Cashflow
Cash Flow
$1,829 income − $2,458 expenses = $629 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,557
Downpayment
20%
$64,340
Closing costs
1%
$3,217
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,829
Total Expenses
$2,458
Mortgage P&I
94%
$1,712
Property Taxes
8%
$147
Home Insurance
7%
$124
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0