This property looks like a bad Long-Term investment with a projected -16.73% first-year return on $68,838 initial cash invested.
-16.73%
Cash On Cash
3.54%
Cap Rate
0.53
DSCR
$1,810
Rent
-$960
Cashflow
Cash Flow
$1,810 income − $2,770 expenses = $960 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,810
Total Expenses
$2,770
Mortgage P&I
102%
$1,838
Property Taxes
19%
$343
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0