This property looks like a bad Long-Term investment with a projected -6.75% first-year return on $68,040 initial cash invested.
-6.75%
Cash On Cash
5.6%
Cap Rate
0.84
DSCR
$2,072
Rent
-$383
Cashflow
Cash Flow
$2,072 income − $2,455 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,040
Downpayment
20%
$64,800
Closing costs
1%
$3,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,072
Total Expenses
$2,455
Mortgage P&I
86%
$1,792
Property Taxes
0%
$2
Home Insurance
6%
$114
HOA
0%
$8
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0