This property looks like a bad Long-Term investment with a projected -14.66% first-year return on $68,838 initial cash invested.
-14.66%
Cash On Cash
4.12%
Cap Rate
0.61
DSCR
$2,234
Rent
-$841
Cashflow
Cash Flow
$2,234 income − $3,075 expenses = $841 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,838
Downpayment
20%
$65,560
Closing costs
1%
$3,278
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,234
Total Expenses
$3,075
Mortgage P&I
83%
$1,855
Property Taxes
26%
$579
Home Insurance
3%
$60
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0