This property looks like a bad Long-Term investment with a projected -10.15% first-year return on $67,515 initial cash invested.
-10.15%
Cash On Cash
4.99%
Cap Rate
0.74
DSCR
$1,980
Rent
-$571
Cashflow
Cash Flow
$1,980 income − $2,551 expenses = $571 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,515
Downpayment
20%
$64,300
Closing costs
1%
$3,215
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,980
Total Expenses
$2,551
Mortgage P&I
91%
$1,808
Property Taxes
6%
$114
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0