This property looks like a bad Long-Term investment with a projected -17.7% first-year return on $68,019 initial cash invested.
-17.7%
Cash On Cash
2.73%
Cap Rate
0.44
DSCR
$1,427
Rent
-$1,003
Cashflow
Cash Flow
$1,427 income − $2,430 expenses = $1,003 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,019
Downpayment
20%
$64,780
Closing costs
1%
$3,239
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,427
Total Expenses
$2,430
Mortgage P&I
117%
$1,670
Property Taxes
19%
$275
Home Insurance
8%
$114
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$71
Vacancy
6%
$86
Maintenance
5%
$71
Other
0%
$0