This property looks like a bad Long-Term investment with a projected -0.4% first-year return on $69,720 initial cash invested.
-0.4%
Cash On Cash
7.35%
Cap Rate
1.07
DSCR
$3,006
Rent
-$23
Cashflow
Cash Flow
$3,006 income − $3,029 expenses = $23 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,720
Downpayment
20%
$66,400
Closing costs
1%
$3,320
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,006
Total Expenses
$3,029
Mortgage P&I
63%
$1,907
Property Taxes
7%
$225
Home Insurance
4%
$116
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0