This property looks like a bad Long-Term investment with a projected -15.66% first-year return on $67,893 initial cash invested.
-15.66%
Cash On Cash
3.64%
Cap Rate
0.56
DSCR
$2,417
Rent
-$886
Cashflow
Cash Flow
$2,417 income − $3,303 expenses = $886 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,893
Downpayment
20%
$64,660
Closing costs
1%
$3,233
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,417
Total Expenses
$3,303
Mortgage P&I
72%
$1,746
Property Taxes
9%
$215
Home Insurance
5%
$115
HOA
25%
$598
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0