This property looks like a bad Long-Term investment with a projected -14.97% first-year return on $69,573 initial cash invested.
-14.97%
Cash On Cash
3.71%
Cap Rate
0.56
DSCR
$1,571
Rent
-$868
Cashflow
Cash Flow
$1,571 income − $2,439 expenses = $868 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,573
Downpayment
20%
$66,260
Closing costs
1%
$3,313
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,571
Total Expenses
$2,439
Mortgage P&I
115%
$1,813
Property Taxes
6%
$98
Home Insurance
8%
$119
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0