This property looks like a bad Long-Term investment with a projected -13.76% first-year return on $71,526 initial cash invested.
-13.76%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$2,032
Rent
-$820
Cashflow
Cash Flow
$2,032 income − $2,852 expenses = $820 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,526
Downpayment
20%
$68,120
Closing costs
1%
$3,406
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,032
Total Expenses
$2,852
Mortgage P&I
92%
$1,862
Property Taxes
17%
$340
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0