This property looks like a bad Long-Term investment with a projected -10.07% first-year return on $67,431 initial cash invested.
-10.07%
Cash On Cash
5.06%
Cap Rate
0.75
DSCR
$2,449
Rent
-$566
Cashflow
Cash Flow
$2,449 income − $3,015 expenses = $566 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,431
Downpayment
20%
$64,220
Closing costs
1%
$3,211
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,449
Total Expenses
$3,015
Mortgage P&I
73%
$1,798
Property Taxes
19%
$465
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0