This property looks like a bad Long-Term investment with a projected -6.12% first-year return on $69,972 initial cash invested.
-6.12%
Cash On Cash
5.6%
Cap Rate
0.87
DSCR
$2,300
Rent
-$357
Cashflow
Cash Flow
$2,300 income − $2,657 expenses = $357 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,972
Downpayment
20%
$66,640
Closing costs
1%
$3,332
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,300
Total Expenses
$2,657
Mortgage P&I
78%
$1,796
Property Taxes
6%
$144
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0