This property looks like a bad Long-Term investment with a projected -10.34% first-year return on $69,027 initial cash invested.
-10.34%
Cash On Cash
4.46%
Cap Rate
0.71
DSCR
$1,983
Rent
-$595
Cashflow
Cash Flow
$1,983 income − $2,578 expenses = $595 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,027
Downpayment
20%
$65,740
Closing costs
1%
$3,287
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,983
Total Expenses
$2,578
Mortgage P&I
87%
$1,717
Property Taxes
10%
$206
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0