This property looks like a bad Long-Term investment with a projected -3.72% first-year return on $71,652 initial cash invested.
-3.72%
Cash On Cash
5.99%
Cap Rate
0.96
DSCR
$2,903
Rent
-$222
Cashflow
Cash Flow
$2,903 income − $3,125 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,652
Downpayment
20%
$68,240
Closing costs
1%
$3,412
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,903
Total Expenses
$3,125
Mortgage P&I
61%
$1,781
Property Taxes
16%
$478
Home Insurance
4%
$110
HOA
0%
$2
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0