This property looks like a bad Long-Term investment with a projected -16.05% first-year return on $67,956 initial cash invested.
-16.05%
Cash On Cash
3.49%
Cap Rate
0.54
DSCR
$1,956
Rent
-$909
Cashflow
Cash Flow
$1,956 income − $2,865 expenses = $909 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,956
Downpayment
20%
$64,720
Closing costs
1%
$3,236
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,956
Total Expenses
$2,865
Mortgage P&I
90%
$1,753
Property Taxes
24%
$479
Home Insurance
6%
$124
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0