This property looks like a bad Long-Term investment with a projected -6.41% first-year return on $69,594 initial cash invested.
-6.41%
Cash On Cash
5.62%
Cap Rate
0.86
DSCR
$2,290
Rent
-$372
Cashflow
Cash Flow
$2,290 income − $2,662 expenses = $372 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,290
Total Expenses
$2,662
Mortgage P&I
79%
$1,811
Property Taxes
3%
$67
Home Insurance
5%
$117
HOA
3%
$73
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0