This property looks like a bad Long-Term investment with a projected -8.78% first-year return on $69,993 initial cash invested.
-8.78%
Cash On Cash
5.22%
Cap Rate
0.79
DSCR
$2,485
Rent
-$512
Cashflow
Cash Flow
$2,485 income − $2,997 expenses = $512 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,993
Downpayment
20%
$66,660
Closing costs
1%
$3,333
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,485
Total Expenses
$2,997
Mortgage P&I
74%
$1,839
Property Taxes
18%
$440
Home Insurance
3%
$73
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0