This property looks like a bad Long-Term investment with a projected -10.72% first-year return on $67,410 initial cash invested.
-10.72%
Cash On Cash
4.8%
Cap Rate
0.72
DSCR
$2,282
Rent
-$602
Cashflow
Cash Flow
$2,282 income − $2,884 expenses = $602 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
$2,282
Total Expenses
$2,884
Mortgage P&I
78%
$1,773
Property Taxes
18%
$410
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0