This property looks like a bad Long-Term investment with a projected -14.28% first-year return on $71,190 initial cash invested.
-14.28%
Cash On Cash
3.93%
Cap Rate
0.59
DSCR
$1,650
Rent
-$847
Cashflow
Cash Flow
$1,650 income − $2,497 expenses = $847 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,190
Downpayment
20%
$67,800
Closing costs
1%
$3,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,650
Total Expenses
$2,497
Mortgage P&I
114%
$1,874
Property Taxes
5%
$76
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0