This property looks like a bad Long-Term investment with a projected -15.15% first-year return on $69,720 initial cash invested.
-15.15%
Cash On Cash
3.35%
Cap Rate
0.54
DSCR
$1,649
Rent
-$880
Cashflow
Cash Flow
$1,649 income − $2,529 expenses = $880 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,720
Downpayment
20%
$66,400
Closing costs
1%
$3,320
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,649
Total Expenses
$2,529
Mortgage P&I
105%
$1,726
Property Taxes
16%
$256
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0