This property looks like a bad Long-Term investment with a projected -8.52% first-year return on $69,468 initial cash invested.
-8.52%
Cash On Cash
5.35%
Cap Rate
0.79
DSCR
$2,135
Rent
-$493
Cashflow
Cash Flow
$2,135 income − $2,628 expenses = $493 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,468
Downpayment
20%
$66,160
Closing costs
1%
$3,308
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,135
Total Expenses
$2,628
Mortgage P&I
87%
$1,860
Property Taxes
4%
$93
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0