This property looks like a bad Long-Term investment with a projected -5.44% first-year return on $69,027 initial cash invested.
-5.44%
Cash On Cash
5.91%
Cap Rate
0.9
DSCR
$2,613
Rent
-$313
Cashflow
Cash Flow
$2,613 income − $2,926 expenses = $313 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,613
Total Expenses
$2,926
Mortgage P&I
69%
$1,802
Property Taxes
12%
$313
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0