This property looks like a bad Long-Term investment with a projected -10.14% first-year return on $69,804 initial cash invested.
-10.14%
Cash On Cash
4.47%
Cap Rate
0.72
DSCR
$2,125
Rent
-$590
Cashflow
Cash Flow
$2,125 income − $2,715 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$332k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,804
Downpayment
20%
$66,480
Closing costs
1%
$3,324
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,125
Total Expenses
$2,715
Mortgage P&I
81%
$1,723
Property Taxes
15%
$318
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0