This property looks like a bad Long-Term investment with a projected -16.7% first-year return on $68,838 initial cash invested.
-16.7%
Cash On Cash
3.35%
Cap Rate
0.51
DSCR
$1,458
Rent
-$958
Cashflow
Cash Flow
$1,458 income − $2,416 expenses = $958 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,838
Downpayment
20%
$65,560
Closing costs
1%
$3,278
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,458
Total Expenses
$2,416
Mortgage P&I
124%
$1,801
Property Taxes
8%
$119
Home Insurance
8%
$117
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0