This property looks like a bad Long-Term investment with a projected -85.39% first-year return on $68,061 initial cash invested.
-85.39%
Cash On Cash
-10.92%
Cap Rate
-1.65
DSCR
$2,052
Rent
-$4,843
Cashflow
Cash Flow
$2,052 income − $6,895 expenses = $4,843 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,061
Downpayment
20%
$64,820
Closing costs
1%
$3,241
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,052
Total Expenses
$6,895
Mortgage P&I
87%
$1,791
Property Taxes
217%
$4,453
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0