This property looks like a bad Long-Term investment with a projected -11.67% first-year return on $67,788 initial cash invested.
-11.67%
Cash On Cash
4.55%
Cap Rate
0.69
DSCR
$1,942
Rent
-$659
Cashflow
Cash Flow
$1,942 income − $2,601 expenses = $659 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,788
Downpayment
20%
$64,560
Closing costs
1%
$3,228
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,942
Total Expenses
$2,601
Mortgage P&I
92%
$1,787
Property Taxes
10%
$195
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0