This property looks like a bad Long-Term investment with a projected -9.88% first-year return on $69,825 initial cash invested.
-9.88%
Cash On Cash
4.37%
Cap Rate
0.71
DSCR
$1,824
Rent
-$575
Cashflow
Cash Flow
$1,824 income − $2,399 expenses = $575 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,825
Downpayment
20%
$66,500
Closing costs
1%
$3,325
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,824
Total Expenses
$2,399
Mortgage P&I
93%
$1,695
Property Taxes
6%
$109
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0