This property looks like a bad Long-Term investment with a projected -7.25% first-year return on $68,985 initial cash invested.
-7.25%
Cash On Cash
5.36%
Cap Rate
0.83
DSCR
$2,193
Rent
-$417
Cashflow
Cash Flow
$2,193 income − $2,610 expenses = $417 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,985
Downpayment
20%
$65,700
Closing costs
1%
$3,285
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,193
Total Expenses
$2,610
Mortgage P&I
81%
$1,775
Property Taxes
6%
$131
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0