This property looks like a bad Long-Term investment with a projected -6.54% first-year return on $68,082 initial cash invested.
-6.54%
Cash On Cash
5.11%
Cap Rate
0.84
DSCR
$2,003
Rent
-$371
Cashflow
Cash Flow
$2,003 income − $2,374 expenses = $371 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,082
Downpayment
20%
$64,840
Closing costs
1%
$3,242
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,003
Total Expenses
$2,374
Mortgage P&I
82%
$1,652
Property Taxes
0%
$8
Home Insurance
6%
$114
HOA
4%
$80
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0