This property looks like a bad Long-Term investment with a projected -12.91% first-year return on $69,048 initial cash invested.
-12.91%
Cash On Cash
4.42%
Cap Rate
0.65
DSCR
$2,080
Rent
-$743
Cashflow
Cash Flow
$2,080 income − $2,823 expenses = $743 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,048
Downpayment
20%
$65,760
Closing costs
1%
$3,288
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,080
Total Expenses
$2,823
Mortgage P&I
89%
$1,849
Property Taxes
15%
$304
Home Insurance
6%
$119
HOA
0%
$10
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0