This property looks like a bad Long-Term investment with a projected -10.36% first-year return on $67,788 initial cash invested.
-10.36%
Cash On Cash
4.48%
Cap Rate
0.71
DSCR
$1,867
Rent
-$585
Cashflow
Cash Flow
$1,867 income − $2,452 expenses = $585 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,788
Downpayment
20%
$64,560
Closing costs
1%
$3,228
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,867
Total Expenses
$2,452
Mortgage P&I
91%
$1,696
Property Taxes
8%
$154
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0