This property looks like a bad Long-Term investment with a projected -13.37% first-year return on $67,578 initial cash invested.
-13.37%
Cash On Cash
4.16%
Cap Rate
0.63
DSCR
$2,117
Rent
-$753
Cashflow
Cash Flow
$2,117 income − $2,870 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,578
Downpayment
20%
$64,360
Closing costs
1%
$3,218
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,117
Total Expenses
$2,870
Mortgage P&I
83%
$1,762
Property Taxes
21%
$443
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0