This property looks like a bad Long-Term investment with a projected -13.26% first-year return on $69,426 initial cash invested.
-13.26%
Cash On Cash
3.95%
Cap Rate
0.61
DSCR
$1,632
Rent
-$767
Cashflow
Cash Flow
$1,632 income − $2,399 expenses = $767 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,632
Total Expenses
$2,399
Mortgage P&I
109%
$1,772
Property Taxes
5%
$80
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0