This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $67,767 initial cash invested.
-12.2%
Cash On Cash
4.52%
Cap Rate
0.68
DSCR
$2,209
Rent
-$689
Cashflow
Cash Flow
$2,209 income − $2,898 expenses = $689 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,767
Downpayment
20%
$64,540
Closing costs
1%
$3,227
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,209
Total Expenses
$2,898
Mortgage P&I
81%
$1,794
Property Taxes
18%
$408
Home Insurance
5%
$114
HOA
0%
$8
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$133
Maintenance
5%
$110
Other
0%
$0