This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $67,620 initial cash invested.
-12.85%
Cash On Cash
4.39%
Cap Rate
0.65
DSCR
$2,050
Rent
-$724
Cashflow
Cash Flow
$2,050 income − $2,774 expenses = $724 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,620
Downpayment
20%
$64,400
Closing costs
1%
$3,220
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,050
Total Expenses
$2,774
Mortgage P&I
88%
$1,801
Property Taxes
16%
$331
Home Insurance
5%
$110
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0