This property looks like a bad Long-Term investment with a projected -11.01% first-year return on $69,090 initial cash invested.
-11.01%
Cash On Cash
4.7%
Cap Rate
0.71
DSCR
$2,238
Rent
-$634
Cashflow
Cash Flow
$2,238 income − $2,872 expenses = $634 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,090
Downpayment
20%
$65,800
Closing costs
1%
$3,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,238
Total Expenses
$2,872
Mortgage P&I
81%
$1,811
Property Taxes
16%
$364
Home Insurance
5%
$115
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0