This property looks like a bad Long-Term investment with a projected -13.98% first-year return on $69,720 initial cash invested.
-13.98%
Cash On Cash
3.86%
Cap Rate
0.6
DSCR
$1,903
Rent
-$812
Cashflow
Cash Flow
$1,903 income − $2,715 expenses = $812 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,903
Total Expenses
$2,715
Mortgage P&I
94%
$1,784
Property Taxes
17%
$316
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0