This property looks like a bad Long-Term investment with a projected -10.02% first-year return on $71,883 initial cash invested.
-10.02%
Cash On Cash
5%
Cap Rate
0.75
DSCR
$2,475
Rent
-$600
Cashflow
Cash Flow
$2,475 income − $3,075 expenses = $600 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,883
Downpayment
20%
$68,460
Closing costs
1%
$3,423
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,475
Total Expenses
$3,075
Mortgage P&I
77%
$1,902
Property Taxes
16%
$407
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0