This property looks like a bad Long-Term investment with a projected -8.03% first-year return on $67,515 initial cash invested.
-8.03%
Cash On Cash
4.86%
Cap Rate
0.79
DSCR
$2,255
Rent
-$452
Cashflow
Cash Flow
$2,255 income − $2,707 expenses = $452 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,255
Total Expenses
$2,707
Mortgage P&I
73%
$1,641
Property Taxes
16%
$354
Home Insurance
5%
$114
HOA
0%
$11
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0