This property looks like a bad Long-Term investment with a projected -9.8% first-year return on $69,657 initial cash invested.
-9.8%
Cash On Cash
4.58%
Cap Rate
0.73
DSCR
$2,053
Rent
-$569
Cashflow
Cash Flow
$2,053 income − $2,622 expenses = $569 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,657
Downpayment
20%
$66,340
Closing costs
1%
$3,317
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,053
Total Expenses
$2,622
Mortgage P&I
84%
$1,733
Property Taxes
10%
$196
Home Insurance
6%
$121
HOA
2%
$38
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0