This property looks like a bad Long-Term investment with a projected -8.19% first-year return on $69,426 initial cash invested.
-8.19%
Cash On Cash
4.82%
Cap Rate
0.78
DSCR
$1,969
Rent
-$474
Cashflow
Cash Flow
$1,969 income − $2,443 expenses = $474 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,426
Downpayment
20%
$66,120
Closing costs
1%
$3,306
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,969
Total Expenses
$2,443
Mortgage P&I
86%
$1,703
Property Taxes
6%
$110
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0