This property looks like a bad Long-Term investment with a projected -7.11% first-year return on $68,985 initial cash invested.
-7.11%
Cash On Cash
5.1%
Cap Rate
0.82
DSCR
$2,162
Rent
-$409
Cashflow
Cash Flow
$2,162 income − $2,571 expenses = $409 out of pocket
Investment Breakdown
|
Purchase Price
$329k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,985
Downpayment
20%
$65,700
Closing costs
1%
$3,285
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,162
Total Expenses
$2,571
Mortgage P&I
78%
$1,697
Property Taxes
9%
$193
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0