This property looks like a bad Long-Term investment with a projected -4.37% first-year return on $69,741 initial cash invested.
-4.37%
Cash On Cash
6.04%
Cap Rate
0.94
DSCR
$2,835
Rent
-$254
Cashflow
Cash Flow
$2,835 income − $3,089 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,835
Total Expenses
$3,089
Mortgage P&I
63%
$1,784
Property Taxes
16%
$445
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0