This property looks like a bad Long-Term investment with a projected -11.27% first-year return on $69,447 initial cash invested.
-11.27%
Cash On Cash
4.72%
Cap Rate
0.71
DSCR
$2,626
Rent
-$652
Cashflow
Cash Flow
$2,626 income − $3,278 expenses = $652 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,447
Downpayment
20%
$66,140
Closing costs
1%
$3,307
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,626
Total Expenses
$3,278
Mortgage P&I
69%
$1,821
Property Taxes
22%
$574
Home Insurance
4%
$117
HOA
3%
$83
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0