This property looks like a bad Long-Term investment with a projected -8.95% first-year return on $67,452 initial cash invested.
-8.95%
Cash On Cash
4.7%
Cap Rate
0.76
DSCR
$2,064
Rent
-$503
Cashflow
Cash Flow
$2,064 income − $2,567 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,452
Downpayment
20%
$64,240
Closing costs
1%
$3,212
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,064
Total Expenses
$2,567
Mortgage P&I
80%
$1,659
Property Taxes
13%
$258
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0