This property looks like a bad Long-Term investment with a projected -13.91% first-year return on $69,510 initial cash invested.
-13.91%
Cash On Cash
4.11%
Cap Rate
0.62
DSCR
$2,081
Rent
-$806
Cashflow
Cash Flow
$2,081 income − $2,887 expenses = $806 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,510
Downpayment
20%
$66,200
Closing costs
1%
$3,310
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,081
Total Expenses
$2,887
Mortgage P&I
88%
$1,837
Property Taxes
19%
$393
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0