This property looks like a bad Long-Term investment with a projected -11.2% first-year return on $67,956 initial cash invested.
-11.2%
Cash On Cash
4.65%
Cap Rate
0.71
DSCR
$2,350
Rent
-$634
Cashflow
Cash Flow
$2,350 income − $2,984 expenses = $634 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,956
Downpayment
20%
$64,720
Closing costs
1%
$3,236
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,350
Total Expenses
$2,984
Mortgage P&I
75%
$1,771
Property Taxes
19%
$439
Home Insurance
5%
$116
HOA
2%
$46
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0