This property looks like a bad Long-Term investment with a projected -1.39% first-year return on $67,515 initial cash invested.
-1.39%
Cash On Cash
6.62%
Cap Rate
1.03
DSCR
$2,550
Rent
-$78
Cashflow
Cash Flow
$2,550 income − $2,628 expenses = $78 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,550
Total Expenses
$2,628
Mortgage P&I
68%
$1,724
Property Taxes
5%
$127
Home Insurance
4%
$113
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0