This property looks like a bad Long-Term investment with a projected -6.63% first-year return on $68,796 initial cash invested.
-6.63%
Cash On Cash
5.64%
Cap Rate
0.85
DSCR
$2,200
Rent
-$380
Cashflow
Cash Flow
$2,200 income − $2,580 expenses = $380 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,796
Downpayment
20%
$65,520
Closing costs
1%
$3,276
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,200
Total Expenses
$2,580
Mortgage P&I
82%
$1,810
Property Taxes
4%
$82
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0