This property looks like a bad Long-Term investment with a projected -13.4% first-year return on $69,741 initial cash invested.
-13.4%
Cash On Cash
4.15%
Cap Rate
0.63
DSCR
$2,181
Rent
-$779
Cashflow
Cash Flow
$2,181 income − $2,960 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,741
Downpayment
20%
$66,420
Closing costs
1%
$3,321
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,181
Total Expenses
$2,960
Mortgage P&I
83%
$1,818
Property Taxes
21%
$458
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0