This property looks like a bad Long-Term investment with a projected -5.65% first-year return on $69,699 initial cash invested.
-5.65%
Cash On Cash
5.72%
Cap Rate
0.88
DSCR
$2,317
Rent
-$328
Cashflow
Cash Flow
$2,317 income − $2,645 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,699
Downpayment
20%
$66,380
Closing costs
1%
$3,319
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,317
Total Expenses
$2,645
Mortgage P&I
77%
$1,795
Property Taxes
6%
$130
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0