This property looks like a bad Long-Term investment with a projected -12.01% first-year return on $67,347 initial cash invested.
-12.01%
Cash On Cash
4.28%
Cap Rate
0.67
DSCR
$2,256
Rent
-$674
Cashflow
Cash Flow
$2,256 income − $2,930 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,347
Downpayment
20%
$64,140
Closing costs
1%
$3,207
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,256
Total Expenses
$2,930
Mortgage P&I
76%
$1,705
Property Taxes
23%
$523
Home Insurance
5%
$115
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0