This property looks like a bad Long-Term investment with a projected -19.69% first-year return on $67,515 initial cash invested.
-19.69%
Cash On Cash
2.83%
Cap Rate
0.42
DSCR
$1,496
Rent
-$1,108
Cashflow
Cash Flow
$1,496 income − $2,604 expenses = $1,108 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,496
Total Expenses
$2,604
Mortgage P&I
120%
$1,790
Property Taxes
21%
$309
Home Insurance
8%
$115
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0