This property looks like a bad Long-Term investment with a projected -13.59% first-year return on $68,985 initial cash invested.
-13.59%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$1,722
Rent
-$781
Cashflow
Cash Flow
$1,722 income − $2,503 expenses = $781 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,985
Downpayment
20%
$65,700
Closing costs
1%
$3,285
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,722
Total Expenses
$2,503
Mortgage P&I
105%
$1,816
Property Taxes
6%
$95
Home Insurance
8%
$145
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0