This property looks like a bad Long-Term investment with a projected -14.71% first-year return on $67,872 initial cash invested.
-14.71%
Cash On Cash
3.79%
Cap Rate
0.58
DSCR
$1,830
Rent
-$832
Cashflow
Cash Flow
$1,830 income − $2,662 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,830
Total Expenses
$2,662
Mortgage P&I
96%
$1,762
Property Taxes
17%
$304
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0