This property looks like a bad Long-Term investment with a projected -3.89% first-year return on $68,817 initial cash invested.
-3.89%
Cash On Cash
6.26%
Cap Rate
0.95
DSCR
$2,754
Rent
-$223
Cashflow
Cash Flow
$2,754 income − $2,977 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,817
Downpayment
20%
$65,540
Closing costs
1%
$3,277
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,754
Total Expenses
$2,977
Mortgage P&I
65%
$1,795
Property Taxes
12%
$334
Home Insurance
4%
$119
HOA
0%
$13
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0