This property looks like a bad Long-Term investment with a projected -14.89% first-year return on $67,872 initial cash invested.
-14.89%
Cash On Cash
3.77%
Cap Rate
0.57
DSCR
$1,755
Rent
-$842
Cashflow
Cash Flow
$1,755 income − $2,597 expenses = $842 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,755
Total Expenses
$2,597
Mortgage P&I
101%
$1,770
Property Taxes
15%
$255
Home Insurance
7%
$115
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0