This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $67,305 initial cash invested.
-13.75%
Cash On Cash
4.29%
Cap Rate
0.64
DSCR
$2,484
Rent
-$771
Cashflow
Cash Flow
$2,484 income − $3,255 expenses = $771 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,305
Downpayment
20%
$64,100
Closing costs
1%
$3,205
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,484
Total Expenses
$3,255
Mortgage P&I
72%
$1,793
Property Taxes
28%
$703
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0