This property looks like a bad Long-Term investment with a projected -7.15% first-year return on $67,788 initial cash invested.
-7.15%
Cash On Cash
5.17%
Cap Rate
0.82
DSCR
$2,157
Rent
-$404
Cashflow
Cash Flow
$2,157 income − $2,561 expenses = $404 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,788
Downpayment
20%
$64,560
Closing costs
1%
$3,228
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,157
Total Expenses
$2,561
Mortgage P&I
78%
$1,687
Property Taxes
9%
$196
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0