This property looks like a bad Long-Term investment with a projected -17.04% first-year return on $69,993 initial cash invested.
-17.04%
Cash On Cash
3.37%
Cap Rate
0.51
DSCR
$1,984
Rent
-$994
Cashflow
Cash Flow
$1,984 income − $2,978 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,984
Total Expenses
$2,978
Mortgage P&I
92%
$1,830
Property Taxes
26%
$514
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0