This property looks like a bad Long-Term investment with a projected -10.61% first-year return on $69,090 initial cash invested.
-10.61%
Cash On Cash
4.61%
Cap Rate
0.72
DSCR
$2,276
Rent
-$611
Cashflow
Cash Flow
$2,276 income − $2,887 expenses = $611 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,276
Total Expenses
$2,887
Mortgage P&I
77%
$1,761
Property Taxes
19%
$425
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0