This property looks like a bad Long-Term investment with a projected -5.02% first-year return on $67,956 initial cash invested.
-5.02%
Cash On Cash
5.77%
Cap Rate
0.9
DSCR
$2,376
Rent
-$284
Cashflow
Cash Flow
$2,376 income − $2,660 expenses = $284 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,956
Downpayment
20%
$64,720
Closing costs
1%
$3,236
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,376
Total Expenses
$2,660
Mortgage P&I
72%
$1,722
Property Taxes
9%
$203
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0