This property looks like a bad Long-Term investment with a projected -8.69% first-year return on $68,040 initial cash invested.
-8.69%
Cash On Cash
4.69%
Cap Rate
0.77
DSCR
$2,121
Rent
-$493
Cashflow
Cash Flow
$2,121 income − $2,614 expenses = $493 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,121
Total Expenses
$2,614
Mortgage P&I
78%
$1,653
Property Taxes
14%
$297
Home Insurance
5%
$113
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0