This property looks like a bad Long-Term investment with a projected -7.03% first-year return on $69,510 initial cash invested.
-7.03%
Cash On Cash
5.75%
Cap Rate
0.85
DSCR
$2,536
Rent
-$407
Cashflow
Cash Flow
$2,536 income − $2,943 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,510
Downpayment
20%
$66,200
Closing costs
1%
$3,310
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,536
Total Expenses
$2,943
Mortgage P&I
74%
$1,866
Property Taxes
12%
$298
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0