This property looks like a bad Long-Term investment with a projected -14.01% first-year return on $69,489 initial cash invested.
-14.01%
Cash On Cash
4.15%
Cap Rate
0.62
DSCR
$2,366
Rent
-$811
Cashflow
Cash Flow
$2,366 income − $3,177 expenses = $811 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
$2,366
Total Expenses
$3,177
Mortgage P&I
78%
$1,836
Property Taxes
26%
$609
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0