This property looks like a bad Long-Term investment with a projected -9.92% first-year return on $67,872 initial cash invested.
-9.92%
Cash On Cash
4.66%
Cap Rate
0.73
DSCR
$1,962
Rent
-$561
Cashflow
Cash Flow
$1,962 income − $2,523 expenses = $561 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,872
Downpayment
20%
$64,640
Closing costs
1%
$3,232
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,962
Total Expenses
$2,523
Mortgage P&I
88%
$1,717
Property Taxes
9%
$179
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0