This property looks like a bad Long-Term investment with a projected -0.44% first-year return on $71,232 initial cash invested.
-0.44%
Cash On Cash
6.42%
Cap Rate
1.06
DSCR
$2,694
Rent
-$26
Cashflow
Cash Flow
$2,694 income − $2,720 expenses = $26 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,232
Downpayment
20%
$67,840
Closing costs
1%
$3,392
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,694
Total Expenses
$2,720
Mortgage P&I
63%
$1,705
Property Taxes
7%
$192
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0