This property looks like a bad Long-Term investment with a projected -9.7% first-year return on $67,431 initial cash invested.
-9.7%
Cash On Cash
4.84%
Cap Rate
0.74
DSCR
$1,889
Rent
-$545
Cashflow
Cash Flow
$1,889 income − $2,434 expenses = $545 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,431
Downpayment
20%
$64,220
Closing costs
1%
$3,211
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,889
Total Expenses
$2,434
Mortgage P&I
92%
$1,746
Property Taxes
3%
$58
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0