This property looks like a bad Long-Term investment with a projected -10.09% first-year return on $69,006 initial cash invested.
-10.09%
Cash On Cash
4.7%
Cap Rate
0.73
DSCR
$1,942
Rent
-$580
Cashflow
Cash Flow
$1,942 income − $2,522 expenses = $580 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,006
Downpayment
20%
$65,720
Closing costs
1%
$3,286
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,942
Total Expenses
$2,522
Mortgage P&I
91%
$1,771
Property Taxes
7%
$134
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0