This property looks like a bad Long-Term investment with a projected -11.41% first-year return on $67,809 initial cash invested.
-11.41%
Cash On Cash
4.5%
Cap Rate
0.69
DSCR
$1,993
Rent
-$645
Cashflow
Cash Flow
$1,993 income − $2,638 expenses = $645 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,809
Downpayment
20%
$64,580
Closing costs
1%
$3,229
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,993
Total Expenses
$2,638
Mortgage P&I
88%
$1,755
Property Taxes
11%
$221
Home Insurance
6%
$113
HOA
2%
$30
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0