This property looks like a bad Long-Term investment with a projected -10.64% first-year return on $68,922 initial cash invested.
-10.64%
Cash On Cash
4.53%
Cap Rate
0.72
DSCR
$2,428
Rent
-$611
Cashflow
Cash Flow
$2,428 income − $3,039 expenses = $611 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,922
Downpayment
20%
$65,640
Closing costs
1%
$3,282
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,428
Total Expenses
$3,039
Mortgage P&I
71%
$1,728
Property Taxes
23%
$563
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0