This property looks like a bad Long-Term investment with a projected -15.65% first-year return on $69,993 initial cash invested.
-15.65%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$1,707
Rent
-$913
Cashflow
Cash Flow
$1,707 income − $2,620 expenses = $913 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,993
Downpayment
20%
$66,660
Closing costs
1%
$3,333
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,707
Total Expenses
$2,620
Mortgage P&I
107%
$1,829
Property Taxes
13%
$226
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0