This property looks like a bad Long-Term investment with a projected -8.78% first-year return on $69,825 initial cash invested.
-8.78%
Cash On Cash
4.8%
Cap Rate
0.76
DSCR
$1,973
Rent
-$511
Cashflow
Cash Flow
$1,973 income − $2,484 expenses = $511 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,825
Downpayment
20%
$66,500
Closing costs
1%
$3,325
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,973
Total Expenses
$2,484
Mortgage P&I
88%
$1,741
Property Taxes
6%
$110
Home Insurance
6%
$120
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0