This property looks like a bad Long-Term investment with a projected -8.06% first-year return on $69,531 initial cash invested.
-8.06%
Cash On Cash
4.79%
Cap Rate
0.79
DSCR
$2,140
Rent
-$467
Cashflow
Cash Flow
$2,140 income − $2,607 expenses = $467 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,531
Downpayment
20%
$66,220
Closing costs
1%
$3,311
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,140
Total Expenses
$2,607
Mortgage P&I
79%
$1,683
Property Taxes
12%
$249
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0