This property looks like a bad Long-Term investment with a projected -9.68% first-year return on $69,174 initial cash invested.
-9.68%
Cash On Cash
4.47%
Cap Rate
0.73
DSCR
$2,011
Rent
-$558
Cashflow
Cash Flow
$2,011 income − $2,569 expenses = $558 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,174
Downpayment
20%
$65,880
Closing costs
1%
$3,294
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,011
Total Expenses
$2,569
Mortgage P&I
84%
$1,684
Property Taxes
10%
$203
Home Insurance
6%
$121
HOA
2%
$37
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0