This property looks like a bad Long-Term investment with a projected -7.45% first-year return on $67,851 initial cash invested.
-7.45%
Cash On Cash
5.48%
Cap Rate
0.83
DSCR
$2,336
Rent
-$421
Cashflow
Cash Flow
$2,336 income − $2,757 expenses = $421 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,851
Downpayment
20%
$64,620
Closing costs
1%
$3,231
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,336
Total Expenses
$2,757
Mortgage P&I
76%
$1,780
Property Taxes
9%
$213
Home Insurance
7%
$154
HOA
0%
$2
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0