This property looks like a bad Long-Term investment with a projected -10.14% first-year return on $67,725 initial cash invested.
-10.14%
Cash On Cash
4.67%
Cap Rate
0.73
DSCR
$1,996
Rent
-$572
Cashflow
Cash Flow
$1,996 income − $2,568 expenses = $572 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,725
Downpayment
20%
$64,500
Closing costs
1%
$3,225
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,996
Total Expenses
$2,568
Mortgage P&I
87%
$1,728
Property Taxes
10%
$200
Home Insurance
6%
$120
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0