This property looks like a bad Long-Term investment with a projected -13.26% first-year return on $69,888 initial cash invested.
-13.26%
Cash On Cash
4.34%
Cap Rate
0.65
DSCR
$2,318
Rent
-$772
Cashflow
Cash Flow
$2,318 income − $3,090 expenses = $772 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,888
Downpayment
20%
$66,560
Closing costs
1%
$3,328
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,318
Total Expenses
$3,090
Mortgage P&I
80%
$1,861
Property Taxes
22%
$509
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0