This property looks like a bad Long-Term investment with a projected -12.48% first-year return on $69,594 initial cash invested.
-12.48%
Cash On Cash
4.31%
Cap Rate
0.66
DSCR
$1,972
Rent
-$724
Cashflow
Cash Flow
$1,972 income − $2,696 expenses = $724 out of pocket
Investment Breakdown
|
Purchase Price
$331k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,594
Downpayment
20%
$66,280
Closing costs
1%
$3,314
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,972
Total Expenses
$2,696
Mortgage P&I
92%
$1,814
Property Taxes
13%
$250
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0