This property looks like a bad Long-Term investment with a projected -13.13% first-year return on $69,174 initial cash invested.
-13.13%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$1,815
Rent
-$757
Cashflow
Cash Flow
$1,815 income − $2,572 expenses = $757 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,174
Downpayment
20%
$65,880
Closing costs
1%
$3,294
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,815
Total Expenses
$2,572
Mortgage P&I
101%
$1,829
Property Taxes
8%
$146
Home Insurance
7%
$119
HOA
0%
$5
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0