This property looks like a bad Long-Term investment with a projected -5.55% first-year return on $69,153 initial cash invested.
-5.55%
Cash On Cash
5.98%
Cap Rate
0.9
DSCR
$2,593
Rent
-$320
Cashflow
Cash Flow
$2,593 income − $2,913 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,153
Downpayment
20%
$65,860
Closing costs
1%
$3,293
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,593
Total Expenses
$2,913
Mortgage P&I
71%
$1,832
Property Taxes
10%
$251
Home Insurance
5%
$120
HOA
1%
$35
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0