This property looks like a bad Long-Term investment with a projected -9.31% first-year return on $68,040 initial cash invested.
-9.31%
Cash On Cash
5.09%
Cap Rate
0.77
DSCR
$2,298
Rent
-$528
Cashflow
Cash Flow
$2,298 income − $2,826 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,040
Downpayment
20%
$64,800
Closing costs
1%
$3,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,298
Total Expenses
$2,826
Mortgage P&I
78%
$1,788
Property Taxes
14%
$327
Home Insurance
5%
$113
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0