This property looks like a bad Long-Term investment with a projected -15.84% first-year return on $71,526 initial cash invested.
-15.84%
Cash On Cash
3.15%
Cap Rate
0.52
DSCR
$2,150
Rent
-$944
Cashflow
Cash Flow
$2,150 income − $3,094 expenses = $944 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,150
Total Expenses
$3,094
Mortgage P&I
80%
$1,729
Property Taxes
18%
$385
Home Insurance
20%
$420
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0