This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $67,515 initial cash invested.
-12.85%
Cash On Cash
3.78%
Cap Rate
0.62
DSCR
$1,832
Rent
-$723
Cashflow
Cash Flow
$1,832 income − $2,555 expenses = $723 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,515
Downpayment
20%
$64,300
Closing costs
1%
$3,215
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,832
Total Expenses
$2,555
Mortgage P&I
90%
$1,645
Property Taxes
17%
$319
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0