This property looks like a bad Long-Term investment with a projected -15.39% first-year return on $67,683 initial cash invested.
-15.39%
Cash On Cash
3.79%
Cap Rate
0.57
DSCR
$1,947
Rent
-$868
Cashflow
Cash Flow
$1,947 income − $2,815 expenses = $868 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,683
Downpayment
20%
$64,460
Closing costs
1%
$3,223
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,947
Total Expenses
$2,815
Mortgage P&I
92%
$1,788
Property Taxes
21%
$405
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0