This property looks like a bad Long-Term investment with a projected -11.84% first-year return on $69,027 initial cash invested.
-11.84%
Cash On Cash
4.59%
Cap Rate
0.69
DSCR
$2,324
Rent
-$681
Cashflow
Cash Flow
$2,324 income − $3,005 expenses = $681 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,027
Downpayment
20%
$65,740
Closing costs
1%
$3,287
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,324
Total Expenses
$3,005
Mortgage P&I
78%
$1,822
Property Taxes
19%
$449
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0