This property looks like a bad Long-Term investment with a projected -11.85% first-year return on $69,090 initial cash invested.
-11.85%
Cash On Cash
4.37%
Cap Rate
0.68
DSCR
$2,126
Rent
-$682
Cashflow
Cash Flow
$2,126 income − $2,808 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,090
Downpayment
20%
$65,800
Closing costs
1%
$3,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,126
Total Expenses
$2,808
Mortgage P&I
83%
$1,773
Property Taxes
17%
$367
Home Insurance
5%
$115
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0