This property looks like a bad Long-Term investment with a projected -15.25% first-year return on $69,153 initial cash invested.
-15.25%
Cash On Cash
3.77%
Cap Rate
0.57
DSCR
$1,671
Rent
-$879
Cashflow
Cash Flow
$1,671 income − $2,550 expenses = $879 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,153
Downpayment
20%
$65,860
Closing costs
1%
$3,293
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,671
Total Expenses
$2,550
Mortgage P&I
110%
$1,830
Property Taxes
10%
$167
Home Insurance
7%
$118
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0