This property looks like a bad Long-Term investment with a projected -14.64% first-year return on $67,809 initial cash invested.
-14.64%
Cash On Cash
3.94%
Cap Rate
0.59
DSCR
$1,789
Rent
-$827
Cashflow
Cash Flow
$1,789 income − $2,616 expenses = $827 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,809
Downpayment
20%
$64,580
Closing costs
1%
$3,229
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,789
Total Expenses
$2,616
Mortgage P&I
101%
$1,799
Property Taxes
13%
$237
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0