This property looks like a bad Long-Term investment with a projected -11.36% first-year return on $67,620 initial cash invested.
-11.36%
Cash On Cash
4.64%
Cap Rate
0.7
DSCR
$2,126
Rent
-$640
Cashflow
Cash Flow
$2,126 income − $2,766 expenses = $640 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,126
Total Expenses
$2,766
Mortgage P&I
84%
$1,779
Property Taxes
15%
$322
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0