This property looks like a bad Long-Term investment with a projected -12.95% first-year return on $69,510 initial cash invested.
-12.95%
Cash On Cash
4.11%
Cap Rate
0.64
DSCR
$2,054
Rent
-$750
Cashflow
Cash Flow
$2,054 income − $2,804 expenses = $750 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,054
Total Expenses
$2,804
Mortgage P&I
87%
$1,781
Property Taxes
17%
$351
Home Insurance
7%
$138
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0