This property looks like a bad Long-Term investment with a projected -10.72% first-year return on $68,040 initial cash invested.
-10.72%
Cash On Cash
4.7%
Cap Rate
0.72
DSCR
$2,430
Rent
-$608
Cashflow
Cash Flow
$2,430 income − $3,038 expenses = $608 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,040
Downpayment
20%
$64,800
Closing costs
1%
$3,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,430
Total Expenses
$3,038
Mortgage P&I
72%
$1,755
Property Taxes
22%
$530
Home Insurance
5%
$117
HOA
0%
$3
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0