This property looks like a bad Long-Term investment with a projected -16.89% first-year return on $68,082 initial cash invested.
-16.89%
Cash On Cash
3.22%
Cap Rate
0.5
DSCR
$1,771
Rent
-$958
Cashflow
Cash Flow
$1,771 income − $2,729 expenses = $958 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,082
Downpayment
20%
$64,840
Closing costs
1%
$3,242
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,771
Total Expenses
$2,729
Mortgage P&I
98%
$1,739
Property Taxes
23%
$412
Home Insurance
7%
$117
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0