This property looks like a bad Long-Term investment with a projected -17.05% first-year return on $69,804 initial cash invested.
-17.05%
Cash On Cash
3.27%
Cap Rate
0.5
DSCR
$1,858
Rent
-$992
Cashflow
Cash Flow
$1,858 income − $2,850 expenses = $992 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,804
Downpayment
20%
$66,480
Closing costs
1%
$3,324
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,858
Total Expenses
$2,850
Mortgage P&I
97%
$1,805
Property Taxes
24%
$440
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0