This property looks like a bad Long-Term investment with a projected -6.4% first-year return on $68,817 initial cash invested.
-6.4%
Cash On Cash
5.36%
Cap Rate
0.86
DSCR
$2,420
Rent
-$367
Cashflow
Cash Flow
$2,420 income − $2,787 expenses = $367 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,420
Total Expenses
$2,787
Mortgage P&I
71%
$1,711
Property Taxes
14%
$330
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0