This property looks like a bad Long-Term investment with a projected -8.42% first-year return on $71,715 initial cash invested.
-8.42%
Cash On Cash
4.97%
Cap Rate
0.78
DSCR
$1,975
Rent
-$503
Cashflow
Cash Flow
$1,975 income − $2,478 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,715
Downpayment
20%
$68,300
Closing costs
1%
$3,415
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,975
Total Expenses
$2,478
Mortgage P&I
92%
$1,819
Property Taxes
1%
$23
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0