This property looks like a bad Long-Term investment with a projected -13.74% first-year return on $69,090 initial cash invested.
-13.74%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$1,824
Rent
-$791
Cashflow
Cash Flow
$1,824 income − $2,615 expenses = $791 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
$1,824
Total Expenses
$2,615
Mortgage P&I
98%
$1,792
Property Taxes
13%
$235
Home Insurance
6%
$115
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0