This property looks like a bad Long-Term investment with a projected -16.45% first-year return on $69,090 initial cash invested.
-16.45%
Cash On Cash
2.96%
Cap Rate
0.48
DSCR
$1,633
Rent
-$947
Cashflow
Cash Flow
$1,633 income − $2,580 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,090
Downpayment
20%
$65,800
Closing costs
1%
$3,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,633
Total Expenses
$2,580
Mortgage P&I
103%
$1,676
Property Taxes
22%
$364
Home Insurance
7%
$115
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0