This property looks like a bad Long-Term investment with a projected -8.58% first-year return on $68,418 initial cash invested.
-8.58%
Cash On Cash
4.99%
Cap Rate
0.79
DSCR
$2,491
Rent
-$489
Cashflow
Cash Flow
$2,491 income − $2,980 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$326k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,418
Downpayment
20%
$65,160
Closing costs
1%
$3,258
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,491
Total Expenses
$2,980
Mortgage P&I
69%
$1,719
Property Taxes
20%
$497
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$149
Maintenance
5%
$125
Other
0%
$0