This property looks like a bad Long-Term investment with a projected -13.17% first-year return on $69,699 initial cash invested.
-13.17%
Cash On Cash
4.31%
Cap Rate
0.64
DSCR
$2,010
Rent
-$765
Cashflow
Cash Flow
$2,010 income − $2,775 expenses = $765 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,699
Downpayment
20%
$66,380
Closing costs
1%
$3,319
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,010
Total Expenses
$2,775
Mortgage P&I
92%
$1,857
Property Taxes
14%
$277
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0