This property looks like a bad Long-Term investment with a projected -9.03% first-year return on $69,636 initial cash invested.
-9.03%
Cash On Cash
5%
Cap Rate
0.77
DSCR
$2,433
Rent
-$524
Cashflow
Cash Flow
$2,433 income − $2,957 expenses = $524 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,636
Downpayment
20%
$66,320
Closing costs
1%
$3,316
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,433
Total Expenses
$2,957
Mortgage P&I
73%
$1,784
Property Taxes
16%
$382
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0