This property looks like a bad Long-Term investment with a projected -5.29% first-year return on $69,426 initial cash invested.
-5.29%
Cash On Cash
5.7%
Cap Rate
0.89
DSCR
$2,319
Rent
-$306
Cashflow
Cash Flow
$2,319 income − $2,625 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,426
Downpayment
20%
$66,120
Closing costs
1%
$3,306
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,319
Total Expenses
$2,625
Mortgage P&I
76%
$1,759
Property Taxes
6%
$146
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0