This property looks like a bad Long-Term investment with a projected -7.24% first-year return on $67,620 initial cash invested.
-7.24%
Cash On Cash
5.3%
Cap Rate
0.83
DSCR
$2,215
Rent
-$408
Cashflow
Cash Flow
$2,215 income − $2,623 expenses = $408 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,215
Total Expenses
$2,623
Mortgage P&I
78%
$1,720
Property Taxes
10%
$213
Home Insurance
5%
$113
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0