This property looks like a bad Long-Term investment with a projected -13.36% first-year return on $67,746 initial cash invested.
-13.36%
Cash On Cash
4.11%
Cap Rate
0.63
DSCR
$2,039
Rent
-$754
Cashflow
Cash Flow
$2,039 income − $2,793 expenses = $754 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,746
Downpayment
20%
$64,520
Closing costs
1%
$3,226
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,039
Total Expenses
$2,793
Mortgage P&I
86%
$1,758
Property Taxes
19%
$389
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0