This property looks like a bad Long-Term investment with a projected -6.71% first-year return on $68,817 initial cash invested.
-6.71%
Cash On Cash
5.6%
Cap Rate
0.85
DSCR
$2,321
Rent
-$385
Cashflow
Cash Flow
$2,321 income − $2,706 expenses = $385 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,817
Downpayment
20%
$65,540
Closing costs
1%
$3,277
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,321
Total Expenses
$2,706
Mortgage P&I
78%
$1,799
Property Taxes
8%
$187
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0