This property looks like a bad Long-Term investment with a projected -14.22% first-year return on $68,859 initial cash invested.
-14.22%
Cash On Cash
3.74%
Cap Rate
0.59
DSCR
$1,983
Rent
-$816
Cashflow
Cash Flow
$1,983 income − $2,799 expenses = $816 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,859
Downpayment
20%
$65,580
Closing costs
1%
$3,279
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,983
Total Expenses
$2,799
Mortgage P&I
88%
$1,738
Property Taxes
22%
$430
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0