This property looks like a bad Long-Term investment with a projected -8.96% first-year return on $69,741 initial cash invested.
-8.96%
Cash On Cash
5.32%
Cap Rate
0.79
DSCR
$2,493
Rent
-$521
Cashflow
Cash Flow
$2,493 income − $3,014 expenses = $521 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,493
Total Expenses
$3,014
Mortgage P&I
75%
$1,867
Property Taxes
9%
$229
Home Insurance
5%
$119
HOA
6%
$150
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0