This property looks like a bad Long-Term investment with a projected -15.56% first-year return on $67,641 initial cash invested.
-15.56%
Cash On Cash
3.42%
Cap Rate
0.53
DSCR
$1,491
Rent
-$877
Cashflow
Cash Flow
$1,491 income − $2,368 expenses = $877 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,641
Downpayment
20%
$64,420
Closing costs
1%
$3,221
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,491
Total Expenses
$2,368
Mortgage P&I
115%
$1,721
Property Taxes
10%
$142
Home Insurance
8%
$117
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$75
Vacancy
6%
$89
Maintenance
5%
$75
Other
0%
$0