This property looks like a bad Long-Term investment with a projected -8.19% first-year return on $67,725 initial cash invested.
-8.19%
Cash On Cash
5.46%
Cap Rate
0.81
DSCR
$2,428
Rent
-$462
Cashflow
Cash Flow
$2,428 income − $2,890 expenses = $462 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,725
Downpayment
20%
$64,500
Closing costs
1%
$3,225
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,428
Total Expenses
$2,890
Mortgage P&I
74%
$1,808
Property Taxes
14%
$337
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0