This property looks like a bad Long-Term investment with a projected -11.43% first-year return on $71,274 initial cash invested.
-11.43%
Cash On Cash
4.42%
Cap Rate
0.69
DSCR
$2,095
Rent
-$679
Cashflow
Cash Flow
$2,095 income − $2,774 expenses = $679 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,274
Downpayment
20%
$67,880
Closing costs
1%
$3,394
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,095
Total Expenses
$2,774
Mortgage P&I
87%
$1,823
Property Taxes
14%
$284
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0