This property looks like a bad Long-Term investment with a projected -17.26% first-year return on $70,014 initial cash invested.
-17.26%
Cash On Cash
3.25%
Cap Rate
0.49
DSCR
$1,664
Rent
-$1,007
Cashflow
Cash Flow
$1,664 income − $2,671 expenses = $1,007 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,014
Downpayment
20%
$66,680
Closing costs
1%
$3,334
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,664
Total Expenses
$2,671
Mortgage P&I
110%
$1,826
Property Taxes
17%
$275
Home Insurance
8%
$138
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0