This property looks like a bad Long-Term investment with a projected -11.6% first-year return on $69,426 initial cash invested.
-11.6%
Cash On Cash
4.12%
Cap Rate
0.67
DSCR
$2,055
Rent
-$671
Cashflow
Cash Flow
$2,055 income − $2,726 expenses = $671 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,055
Total Expenses
$2,726
Mortgage P&I
83%
$1,702
Property Taxes
13%
$265
Home Insurance
6%
$117
HOA
5%
$107
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0