This property looks like a bad Long-Term investment with a projected -14.74% first-year return on $68,775 initial cash invested.
-14.74%
Cash On Cash
3.47%
Cap Rate
0.56
DSCR
$2,142
Rent
-$845
Cashflow
Cash Flow
$2,142 income − $2,987 expenses = $845 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,775
Downpayment
20%
$65,500
Closing costs
1%
$3,275
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,142
Total Expenses
$2,987
Mortgage P&I
79%
$1,685
Property Taxes
27%
$587
Home Insurance
5%
$115
HOA
2%
$43
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0