This property looks like a bad Long-Term investment with a projected -12.02% first-year return on $68,880 initial cash invested.
-12.02%
Cash On Cash
4.02%
Cap Rate
0.65
DSCR
$2,090
Rent
-$690
Cashflow
Cash Flow
$2,090 income − $2,780 expenses = $690 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,880
Downpayment
20%
$65,600
Closing costs
1%
$3,280
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,090
Total Expenses
$2,780
Mortgage P&I
81%
$1,684
Property Taxes
21%
$435
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0