This property looks like a bad Long-Term investment with a projected -7.72% first-year return on $67,431 initial cash invested.
-7.72%
Cash On Cash
5.36%
Cap Rate
0.82
DSCR
$2,446
Rent
-$434
Cashflow
Cash Flow
$2,446 income − $2,880 expenses = $434 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,431
Downpayment
20%
$64,220
Closing costs
1%
$3,211
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,446
Total Expenses
$2,880
Mortgage P&I
71%
$1,745
Property Taxes
16%
$387
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0