This property looks like a bad Long-Term investment with a projected -4.91% first-year return on $67,767 initial cash invested.
-4.91%
Cash On Cash
5.96%
Cap Rate
0.92
DSCR
$2,655
Rent
-$277
Cashflow
Cash Flow
$2,655 income − $2,932 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,767
Downpayment
20%
$64,540
Closing costs
1%
$3,227
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,655
Total Expenses
$2,932
Mortgage P&I
66%
$1,747
Property Taxes
14%
$380
Home Insurance
4%
$114
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0