This property looks like a bad Long-Term investment with a projected -8.45% first-year return on $67,347 initial cash invested.
-8.45%
Cash On Cash
5.13%
Cap Rate
0.79
DSCR
$2,260
Rent
-$474
Cashflow
Cash Flow
$2,260 income − $2,734 expenses = $474 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,347
Downpayment
20%
$64,140
Closing costs
1%
$3,207
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,260
Total Expenses
$2,734
Mortgage P&I
77%
$1,733
Property Taxes
12%
$282
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0