This property looks like a bad Long-Term investment with a projected -10.32% first-year return on $68,964 initial cash invested.
-10.32%
Cash On Cash
4.62%
Cap Rate
0.72
DSCR
$1,975
Rent
-$593
Cashflow
Cash Flow
$1,975 income − $2,568 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,964
Downpayment
20%
$65,680
Closing costs
1%
$3,284
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,975
Total Expenses
$2,568
Mortgage P&I
89%
$1,758
Property Taxes
9%
$168
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0