This property looks like a bad Long-Term investment with a projected -11.14% first-year return on $69,720 initial cash invested.
-11.14%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$2,672
Rent
-$647
Cashflow
Cash Flow
$2,672 income − $3,319 expenses = $647 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,672
Total Expenses
$3,319
Mortgage P&I
68%
$1,827
Property Taxes
25%
$680
Home Insurance
4%
$117
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0