This property looks like a bad Long-Term investment with a projected -19.52% first-year return on $67,998 initial cash invested.
-19.52%
Cash On Cash
2.94%
Cap Rate
0.44
DSCR
$2,036
Rent
-$1,106
Cashflow
Cash Flow
$2,036 income − $3,142 expenses = $1,106 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,998
Downpayment
20%
$64,760
Closing costs
1%
$3,238
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,036
Total Expenses
$3,142
Mortgage P&I
88%
$1,798
Property Taxes
32%
$658
Home Insurance
6%
$116
HOA
2%
$40
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0