This property looks like a bad Long-Term investment with a projected -11.51% first-year return on $69,636 initial cash invested.
-11.51%
Cash On Cash
4.35%
Cap Rate
0.68
DSCR
$2,056
Rent
-$668
Cashflow
Cash Flow
$2,056 income − $2,724 expenses = $668 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,636
Downpayment
20%
$66,320
Closing costs
1%
$3,316
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,056
Total Expenses
$2,724
Mortgage P&I
86%
$1,767
Property Taxes
15%
$304
Home Insurance
6%
$118
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0