This property looks like a bad Long-Term investment with a projected -8.55% first-year return on $69,615 initial cash invested.
-8.55%
Cash On Cash
4.86%
Cap Rate
0.78
DSCR
$2,311
Rent
-$496
Cashflow
Cash Flow
$2,311 income − $2,807 expenses = $496 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,615
Downpayment
20%
$66,300
Closing costs
1%
$3,315
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,311
Total Expenses
$2,807
Mortgage P&I
75%
$1,722
Property Taxes
16%
$381
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0