This property looks like a bad Long-Term investment with a projected -11.68% first-year return on $67,809 initial cash invested.
-11.68%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$1,963
Rent
-$660
Cashflow
Cash Flow
$1,963 income − $2,623 expenses = $660 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,963
Total Expenses
$2,623
Mortgage P&I
90%
$1,772
Property Taxes
11%
$225
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0