This property looks like a bad Long-Term investment with a projected -11.73% first-year return on $68,964 initial cash invested.
-11.73%
Cash On Cash
4.04%
Cap Rate
0.66
DSCR
$2,001
Rent
-$674
Cashflow
Cash Flow
$2,001 income − $2,675 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,964
Downpayment
20%
$65,680
Closing costs
1%
$3,284
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,001
Total Expenses
$2,675
Mortgage P&I
84%
$1,679
Property Taxes
4%
$75
Home Insurance
6%
$119
HOA
14%
$282
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0