This property looks like a bad Long-Term investment with a projected -11.78% first-year return on $69,090 initial cash invested.
-11.78%
Cash On Cash
4.56%
Cap Rate
0.68
DSCR
$1,882
Rent
-$678
Cashflow
Cash Flow
$1,882 income − $2,560 expenses = $678 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,090
Downpayment
20%
$65,800
Closing costs
1%
$3,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,882
Total Expenses
$2,560
Mortgage P&I
97%
$1,833
Property Taxes
6%
$119
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0