This property looks like a bad Long-Term investment with a projected -7.81% first-year return on $71,925 initial cash invested.
-7.81%
Cash On Cash
5.1%
Cap Rate
0.8
DSCR
$2,065
Rent
-$468
Cashflow
Cash Flow
$2,065 income − $2,533 expenses = $468 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,925
Downpayment
20%
$68,500
Closing costs
1%
$3,425
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,065
Total Expenses
$2,533
Mortgage P&I
88%
$1,821
Property Taxes
3%
$54
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0