This property looks like a bad Long-Term investment with a projected -15.74% first-year return on $69,468 initial cash invested.
-15.74%
Cash On Cash
3.59%
Cap Rate
0.55
DSCR
$1,845
Rent
-$911
Cashflow
Cash Flow
$1,845 income − $2,756 expenses = $911 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,845
Total Expenses
$2,756
Mortgage P&I
98%
$1,809
Property Taxes
19%
$346
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0