This property looks like a bad Long-Term investment with a projected -8.16% first-year return on $67,326 initial cash invested.
-8.16%
Cash On Cash
5.22%
Cap Rate
0.81
DSCR
$2,502
Rent
-$458
Cashflow
Cash Flow
$2,502 income − $2,960 expenses = $458 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,326
Downpayment
20%
$64,120
Closing costs
1%
$3,206
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,502
Total Expenses
$2,960
Mortgage P&I
69%
$1,728
Property Taxes
19%
$480
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0