This property looks like a bad Long-Term investment with a projected -10.11% first-year return on $69,090 initial cash invested.
-10.11%
Cash On Cash
4.78%
Cap Rate
0.75
DSCR
$2,706
Rent
-$582
Cashflow
Cash Flow
$2,706 income − $3,288 expenses = $582 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,090
Downpayment
20%
$65,800
Closing costs
1%
$3,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,706
Total Expenses
$3,288
Mortgage P&I
65%
$1,758
Property Taxes
26%
$712
Home Insurance
4%
$115
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0