This property looks like a bad Long-Term investment with a projected -11.22% first-year return on $69,006 initial cash invested.
-11.22%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$2,066
Rent
-$645
Cashflow
Cash Flow
$2,066 income − $2,711 expenses = $645 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,006
Downpayment
20%
$65,720
Closing costs
1%
$3,286
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,066
Total Expenses
$2,711
Mortgage P&I
87%
$1,793
Property Taxes
6%
$117
Home Insurance
6%
$116
HOA
7%
$148
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0