This property looks like a bad Long-Term investment with a projected -11.49% first-year return on $67,494 initial cash invested.
-11.49%
Cash On Cash
4.47%
Cap Rate
0.68
DSCR
$1,904
Rent
-$646
Cashflow
Cash Flow
$1,904 income − $2,550 expenses = $646 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,494
Downpayment
20%
$64,280
Closing costs
1%
$3,214
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,904
Total Expenses
$2,550
Mortgage P&I
92%
$1,749
Property Taxes
10%
$185
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0