This property looks like a bad Long-Term investment with a projected -14.16% first-year return on $67,620 initial cash invested.
-14.16%
Cash On Cash
4.1%
Cap Rate
0.61
DSCR
$2,186
Rent
-$798
Cashflow
Cash Flow
$2,186 income − $2,984 expenses = $798 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,620
Downpayment
20%
$64,400
Closing costs
1%
$3,220
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,186
Total Expenses
$2,984
Mortgage P&I
82%
$1,788
Property Taxes
24%
$515
Home Insurance
5%
$113
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0