This property looks like a bad Long-Term investment with a projected -14.89% first-year return on $67,515 initial cash invested.
-14.89%
Cash On Cash
3.72%
Cap Rate
0.57
DSCR
$1,750
Rent
-$838
Cashflow
Cash Flow
$1,750 income − $2,588 expenses = $838 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,515
Downpayment
20%
$64,300
Closing costs
1%
$3,215
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,750
Total Expenses
$2,588
Mortgage P&I
100%
$1,747
Property Taxes
15%
$271
Home Insurance
7%
$114
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0