This property looks like a bad Long-Term investment with a projected -8.81% first-year return on $69,972 initial cash invested.
-8.81%
Cash On Cash
4.94%
Cap Rate
0.78
DSCR
$2,377
Rent
-$514
Cashflow
Cash Flow
$2,377 income − $2,891 expenses = $514 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,377
Total Expenses
$2,891
Mortgage P&I
74%
$1,766
Property Taxes
16%
$387
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0