This property looks like a bad Long-Term investment with a projected -4.06% first-year return on $69,111 initial cash invested.
-4.06%
Cash On Cash
5.87%
Cap Rate
0.94
DSCR
$2,684
Rent
-$234
Cashflow
Cash Flow
$2,684 income − $2,918 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,111
Downpayment
20%
$65,820
Closing costs
1%
$3,291
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,684
Total Expenses
$2,918
Mortgage P&I
64%
$1,709
Property Taxes
15%
$402
Home Insurance
4%
$110
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0