This property looks like a bad Long-Term investment with a projected -12% first-year return on $69,426 initial cash invested.
-12%
Cash On Cash
4.23%
Cap Rate
0.66
DSCR
$2,065
Rent
-$694
Cashflow
Cash Flow
$2,065 income − $2,759 expenses = $694 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,065
Total Expenses
$2,759
Mortgage P&I
85%
$1,757
Property Taxes
17%
$349
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0