This property looks like a bad Long-Term investment with a projected -8.79% first-year return on $69,090 initial cash invested.
-8.79%
Cash On Cash
5.12%
Cap Rate
0.78
DSCR
$2,423
Rent
-$506
Cashflow
Cash Flow
$2,423 income − $2,929 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,090
Downpayment
20%
$65,800
Closing costs
1%
$3,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,423
Total Expenses
$2,929
Mortgage P&I
74%
$1,788
Property Taxes
16%
$393
Home Insurance
5%
$115
HOA
0%
$4
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0