This property looks like a bad Long-Term investment with a projected -9.34% first-year return on $67,452 initial cash invested.
-9.34%
Cash On Cash
4.55%
Cap Rate
0.74
DSCR
$1,902
Rent
-$525
Cashflow
Cash Flow
$1,902 income − $2,427 expenses = $525 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,452
Downpayment
20%
$64,240
Closing costs
1%
$3,212
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,902
Total Expenses
$2,427
Mortgage P&I
87%
$1,647
Property Taxes
9%
$167
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0