This property looks like a bad Long-Term investment with a projected -9.77% first-year return on $67,767 initial cash invested.
-9.77%
Cash On Cash
4.43%
Cap Rate
0.73
DSCR
$2,347
Rent
-$552
Cashflow
Cash Flow
$2,347 income − $2,899 expenses = $552 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,767
Downpayment
20%
$64,540
Closing costs
1%
$3,227
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,347
Total Expenses
$2,899
Mortgage P&I
69%
$1,625
Property Taxes
23%
$547
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0