This property looks like a bad Long-Term investment with a projected -13.57% first-year return on $69,405 initial cash invested.
-13.57%
Cash On Cash
4.22%
Cap Rate
0.62
DSCR
$1,740
Rent
-$785
Cashflow
Cash Flow
$1,740 income − $2,525 expenses = $785 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,405
Downpayment
20%
$66,100
Closing costs
1%
$3,305
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,740
Total Expenses
$2,525
Mortgage P&I
107%
$1,860
Property Taxes
5%
$94
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0