This property looks like a bad Long-Term investment with a projected -12.51% first-year return on $67,599 initial cash invested.
-12.51%
Cash On Cash
4.32%
Cap Rate
0.65
DSCR
$1,790
Rent
-$705
Cashflow
Cash Flow
$1,790 income − $2,495 expenses = $705 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,599
Downpayment
20%
$64,380
Closing costs
1%
$3,219
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,790
Total Expenses
$2,495
Mortgage P&I
99%
$1,774
Property Taxes
8%
$140
Home Insurance
6%
$115
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$107
Maintenance
5%
$90
Other
0%
$0