This property looks like a bad Long-Term investment with a projected -9.8% first-year return on $67,725 initial cash invested.
-9.8%
Cash On Cash
4.95%
Cap Rate
0.75
DSCR
$2,054
Rent
-$553
Cashflow
Cash Flow
$2,054 income − $2,607 expenses = $553 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,725
Downpayment
20%
$64,500
Closing costs
1%
$3,225
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,054
Total Expenses
$2,607
Mortgage P&I
87%
$1,780
Property Taxes
9%
$179
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0