This property looks like a bad Long-Term investment with a projected -7.58% first-year return on $68,061 initial cash invested.
-7.58%
Cash On Cash
5.42%
Cap Rate
0.82
DSCR
$2,329
Rent
-$430
Cashflow
Cash Flow
$2,329 income − $2,759 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,061
Downpayment
20%
$64,820
Closing costs
1%
$3,241
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,329
Total Expenses
$2,759
Mortgage P&I
76%
$1,779
Property Taxes
11%
$245
Home Insurance
5%
$114
HOA
1%
$16
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0