This property looks like a bad Long-Term investment with a projected -14.9% first-year return on $68,880 initial cash invested.
-14.9%
Cash On Cash
3.86%
Cap Rate
0.58
DSCR
$2,020
Rent
-$855
Cashflow
Cash Flow
$2,020 income − $2,875 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,880
Downpayment
20%
$65,600
Closing costs
1%
$3,280
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,020
Total Expenses
$2,875
Mortgage P&I
90%
$1,810
Property Taxes
21%
$421
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0