This property looks like a bad Long-Term investment with a projected -14.4% first-year return on $70,014 initial cash invested.
-14.4%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$2,175
Rent
-$840
Cashflow
Cash Flow
$2,175 income − $3,015 expenses = $840 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,014
Downpayment
20%
$66,680
Closing costs
1%
$3,334
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,175
Total Expenses
$3,015
Mortgage P&I
84%
$1,820
Property Taxes
23%
$503
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0