This property looks like a bad Long-Term investment with a projected -8.55% first-year return on $68,502 initial cash invested.
-8.55%
Cash On Cash
4.71%
Cap Rate
0.77
DSCR
$1,963
Rent
-$488
Cashflow
Cash Flow
$1,963 income − $2,451 expenses = $488 out of pocket
Investment Breakdown
|
Purchase Price
$326k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,502
Downpayment
20%
$65,240
Closing costs
1%
$3,262
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,963
Total Expenses
$2,451
Mortgage P&I
85%
$1,669
Property Taxes
8%
$156
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0