This property looks like a bad Long-Term investment with a projected -17.04% first-year return on $68,040 initial cash invested.
-17.04%
Cash On Cash
3.02%
Cap Rate
0.48
DSCR
$1,375
Rent
-$966
Cashflow
Cash Flow
$1,375 income − $2,341 expenses = $966 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,040
Downpayment
20%
$64,800
Closing costs
1%
$3,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,375
Total Expenses
$2,341
Mortgage P&I
125%
$1,713
Property Taxes
11%
$157
Home Insurance
8%
$113
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$82
Maintenance
5%
$69
Other
0%
$0