This property looks like a bad Long-Term investment with a projected -11.37% first-year return on $67,956 initial cash invested.
-11.37%
Cash On Cash
4.6%
Cap Rate
0.69
DSCR
$1,906
Rent
-$644
Cashflow
Cash Flow
$1,906 income − $2,550 expenses = $644 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,956
Downpayment
20%
$64,720
Closing costs
1%
$3,236
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,906
Total Expenses
$2,550
Mortgage P&I
94%
$1,789
Property Taxes
8%
$150
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0