This property looks like a bad Long-Term investment with a projected -10.29% first-year return on $69,405 initial cash invested.
-10.29%
Cash On Cash
4.32%
Cap Rate
0.71
DSCR
$2,058
Rent
-$595
Cashflow
Cash Flow
$2,058 income − $2,653 expenses = $595 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,058
Total Expenses
$2,653
Mortgage P&I
82%
$1,683
Property Taxes
10%
$196
Home Insurance
6%
$119
HOA
6%
$120
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0