This property looks like a bad Long-Term investment with a projected -10.68% first-year return on $67,662 initial cash invested.
-10.68%
Cash On Cash
4.23%
Cap Rate
0.7
DSCR
$2,203
Rent
-$602
Cashflow
Cash Flow
$2,203 income − $2,805 expenses = $602 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,662
Downpayment
20%
$64,440
Closing costs
1%
$3,222
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,203
Total Expenses
$2,805
Mortgage P&I
74%
$1,629
Property Taxes
22%
$490
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0