This property looks like a bad Long-Term investment with a projected -11.08% first-year return on $69,615 initial cash invested.
-11.08%
Cash On Cash
4.48%
Cap Rate
0.7
DSCR
$2,204
Rent
-$643
Cashflow
Cash Flow
$2,204 income − $2,847 expenses = $643 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,615
Downpayment
20%
$66,300
Closing costs
1%
$3,315
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,204
Total Expenses
$2,847
Mortgage P&I
80%
$1,770
Property Taxes
17%
$377
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0