This property looks like a bad Long-Term investment with a projected -11.49% first-year return on $67,767 initial cash invested.
-11.49%
Cash On Cash
4.64%
Cap Rate
0.7
DSCR
$2,133
Rent
-$649
Cashflow
Cash Flow
$2,133 income − $2,782 expenses = $649 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,767
Downpayment
20%
$64,540
Closing costs
1%
$3,227
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,133
Total Expenses
$2,782
Mortgage P&I
84%
$1,791
Property Taxes
15%
$322
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0