This property looks like a bad Long-Term investment with a projected -14.26% first-year return on $69,090 initial cash invested.
-14.26%
Cash On Cash
3.85%
Cap Rate
0.59
DSCR
$1,638
Rent
-$821
Cashflow
Cash Flow
$1,638 income − $2,459 expenses = $821 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,638
Total Expenses
$2,459
Mortgage P&I
110%
$1,795
Property Taxes
7%
$120
Home Insurance
7%
$118
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0