This property looks like a bad Long-Term investment with a projected -16.7% first-year return on $71,190 initial cash invested.
-16.7%
Cash On Cash
3.11%
Cap Rate
0.49
DSCR
$1,337
Rent
-$991
Cashflow
Cash Flow
$1,337 income − $2,328 expenses = $991 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,337
Total Expenses
$2,328
Mortgage P&I
135%
$1,803
Property Taxes
4%
$58
Home Insurance
9%
$119
HOA
0%
$0
Property Management
10%
$134
CapEx
5%
$67
Vacancy
6%
$80
Maintenance
5%
$67
Other
0%
$0