This property looks like a bad Long-Term investment with a projected -13.55% first-year return on $67,557 initial cash invested.
-13.55%
Cash On Cash
4.13%
Cap Rate
0.62
DSCR
$1,691
Rent
-$763
Cashflow
Cash Flow
$1,691 income − $2,454 expenses = $763 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,557
Downpayment
20%
$64,340
Closing costs
1%
$3,217
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,691
Total Expenses
$2,454
Mortgage P&I
106%
$1,785
Property Taxes
5%
$79
Home Insurance
7%
$117
HOA
2%
$33
Property Management
10%
$169
CapEx
5%
$85
Vacancy
6%
$101
Maintenance
5%
$85
Other
0%
$0