This property looks like a bad Long-Term investment with a projected -18.99% first-year return on $67,410 initial cash invested.
-18.99%
Cash On Cash
3.06%
Cap Rate
0.46
DSCR
$2,053
Rent
-$1,067
Cashflow
Cash Flow
$2,053 income − $3,120 expenses = $1,067 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,410
Downpayment
20%
$64,200
Closing costs
1%
$3,210
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,053
Total Expenses
$3,120
Mortgage P&I
87%
$1,782
Property Taxes
34%
$690
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0