This property looks like a bad Long-Term investment with a projected -11.29% first-year return on $67,494 initial cash invested.
-11.29%
Cash On Cash
4.51%
Cap Rate
0.7
DSCR
$2,142
Rent
-$635
Cashflow
Cash Flow
$2,142 income − $2,777 expenses = $635 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,494
Downpayment
20%
$64,280
Closing costs
1%
$3,214
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,142
Total Expenses
$2,777
Mortgage P&I
81%
$1,735
Property Taxes
10%
$224
Home Insurance
5%
$107
HOA
7%
$154
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0