This property looks like a bad Long-Term investment with a projected -6.56% first-year return on $68,019 initial cash invested.
-6.56%
Cash On Cash
5.33%
Cap Rate
0.85
DSCR
$2,373
Rent
-$372
Cashflow
Cash Flow
$2,373 income − $2,745 expenses = $372 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,019
Downpayment
20%
$64,780
Closing costs
1%
$3,239
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,373
Total Expenses
$2,745
Mortgage P&I
71%
$1,693
Property Taxes
13%
$319
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0