This property looks like a bad Long-Term investment with a projected -10.47% first-year return on $67,410 initial cash invested.
-10.47%
Cash On Cash
4.34%
Cap Rate
0.7
DSCR
$1,925
Rent
-$588
Cashflow
Cash Flow
$1,925 income − $2,513 expenses = $588 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,410
Downpayment
20%
$64,200
Closing costs
1%
$3,210
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,925
Total Expenses
$2,513
Mortgage P&I
86%
$1,654
Property Taxes
12%
$228
Home Insurance
7%
$131
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0