This property looks like a bad Long-Term investment with a projected -8.91% first-year return on $68,943 initial cash invested.
-8.91%
Cash On Cash
4.88%
Cap Rate
0.77
DSCR
$2,206
Rent
-$512
Cashflow
Cash Flow
$2,206 income − $2,718 expenses = $512 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,943
Downpayment
20%
$65,660
Closing costs
1%
$3,283
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,206
Total Expenses
$2,718
Mortgage P&I
79%
$1,737
Property Taxes
4%
$99
Home Insurance
5%
$117
HOA
9%
$192
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0