This property looks like a bad Long-Term investment with a projected -15.18% first-year return on $69,468 initial cash invested.
-15.18%
Cash On Cash
3.14%
Cap Rate
0.52
DSCR
$1,856
Rent
-$879
Cashflow
Cash Flow
$1,856 income − $2,735 expenses = $879 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,468
Downpayment
20%
$66,160
Closing costs
1%
$3,308
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,856
Total Expenses
$2,735
Mortgage P&I
89%
$1,651
Property Taxes
25%
$465
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0