This property looks like a bad Long-Term investment with a projected -10.5% first-year return on $69,489 initial cash invested.
-10.5%
Cash On Cash
4.9%
Cap Rate
0.73
DSCR
$2,351
Rent
-$608
Cashflow
Cash Flow
$2,351 income − $2,959 expenses = $608 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,489
Downpayment
20%
$66,180
Closing costs
1%
$3,309
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,351
Total Expenses
$2,959
Mortgage P&I
78%
$1,840
Property Taxes
16%
$373
Home Insurance
5%
$117
HOA
1%
$17
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0