This property looks like a bad Long-Term investment with a projected -13.83% first-year return on $69,930 initial cash invested.
-13.83%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$1,998
Rent
-$806
Cashflow
Cash Flow
$1,998 income − $2,804 expenses = $806 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,930
Downpayment
20%
$66,600
Closing costs
1%
$3,330
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,998
Total Expenses
$2,804
Mortgage P&I
91%
$1,812
Property Taxes
17%
$334
Home Insurance
7%
$138
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0