This property looks like a bad Long-Term investment with a projected -8.93% first-year return on $68,523 initial cash invested.
-8.93%
Cash On Cash
4.58%
Cap Rate
0.75
DSCR
$1,864
Rent
-$510
Cashflow
Cash Flow
$1,864 income − $2,374 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$326k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,523
Downpayment
20%
$65,260
Closing costs
1%
$3,263
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,864
Total Expenses
$2,374
Mortgage P&I
89%
$1,663
Property Taxes
6%
$110
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0