This property looks like a bad Long-Term investment with a projected -16.67% first-year return on $67,389 initial cash invested.
-16.67%
Cash On Cash
3.37%
Cap Rate
0.52
DSCR
$1,858
Rent
-$936
Cashflow
Cash Flow
$1,858 income − $2,794 expenses = $936 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,389
Downpayment
20%
$64,180
Closing costs
1%
$3,209
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,858
Total Expenses
$2,794
Mortgage P&I
94%
$1,744
Property Taxes
16%
$299
Home Insurance
14%
$268
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0