This property looks like a bad Long-Term investment with a projected -15.21% first-year return on $67,368 initial cash invested.
-15.21%
Cash On Cash
3.65%
Cap Rate
0.56
DSCR
$1,764
Rent
-$854
Cashflow
Cash Flow
$1,764 income − $2,618 expenses = $854 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,368
Downpayment
20%
$64,160
Closing costs
1%
$3,208
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,764
Total Expenses
$2,618
Mortgage P&I
99%
$1,743
Property Taxes
17%
$303
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0