This property looks like a bad Long-Term investment with a projected -12.19% first-year return on $69,573 initial cash invested.
-12.19%
Cash On Cash
4.17%
Cap Rate
0.65
DSCR
$1,985
Rent
-$707
Cashflow
Cash Flow
$1,985 income − $2,692 expenses = $707 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,985
Total Expenses
$2,692
Mortgage P&I
89%
$1,759
Property Taxes
15%
$299
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0