This property looks like a bad Long-Term investment with a projected -7.42% first-year return on $68,082 initial cash invested.
-7.42%
Cash On Cash
5.09%
Cap Rate
0.83
DSCR
$2,719
Rent
-$421
Cashflow
Cash Flow
$2,719 income − $3,140 expenses = $421 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,082
Downpayment
20%
$64,840
Closing costs
1%
$3,242
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,719
Total Expenses
$3,140
Mortgage P&I
61%
$1,659
Property Taxes
24%
$658
Home Insurance
4%
$116
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0