This property looks like a bad Long-Term investment with a projected -4.85% first-year return on $69,720 initial cash invested.
-4.85%
Cash On Cash
5.53%
Cap Rate
0.9
DSCR
$2,207
Rent
-$282
Cashflow
Cash Flow
$2,207 income − $2,489 expenses = $282 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,207
Total Expenses
$2,489
Mortgage P&I
77%
$1,701
Property Taxes
4%
$96
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0