This property looks like a bad Long-Term investment with a projected -7.89% first-year return on $67,410 initial cash invested.
-7.89%
Cash On Cash
5.33%
Cap Rate
0.81
DSCR
$2,318
Rent
-$443
Cashflow
Cash Flow
$2,318 income − $2,761 expenses = $443 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,410
Downpayment
20%
$64,200
Closing costs
1%
$3,210
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,318
Total Expenses
$2,761
Mortgage P&I
76%
$1,752
Property Taxes
13%
$292
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0