This property looks like a bad Long-Term investment with a projected -9.55% first-year return on $67,977 initial cash invested.
-9.55%
Cash On Cash
5.18%
Cap Rate
0.77
DSCR
$2,566
Rent
-$541
Cashflow
Cash Flow
$2,566 income − $3,107 expenses = $541 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,977
Downpayment
20%
$64,740
Closing costs
1%
$3,237
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,566
Total Expenses
$3,107
Mortgage P&I
71%
$1,811
Property Taxes
20%
$513
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0