This property looks like a bad Long-Term investment with a projected -9.83% first-year return on $69,594 initial cash invested.
-9.83%
Cash On Cash
5.05%
Cap Rate
0.76
DSCR
$2,547
Rent
-$570
Cashflow
Cash Flow
$2,547 income − $3,117 expenses = $570 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,594
Downpayment
20%
$66,280
Closing costs
1%
$3,314
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,547
Total Expenses
$3,117
Mortgage P&I
72%
$1,839
Property Taxes
20%
$499
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0