This property looks like a bad Long-Term investment with a projected -10.2% first-year return on $67,851 initial cash invested.
-10.2%
Cash On Cash
4.67%
Cap Rate
0.73
DSCR
$2,140
Rent
-$577
Cashflow
Cash Flow
$2,140 income − $2,717 expenses = $577 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,851
Downpayment
20%
$64,620
Closing costs
1%
$3,231
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,140
Total Expenses
$2,717
Mortgage P&I
81%
$1,727
Property Taxes
15%
$321
Home Insurance
5%
$113
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0