This property looks like a bad Long-Term investment with a projected -11.96% first-year return on $71,547 initial cash invested.
-11.96%
Cash On Cash
4.17%
Cap Rate
0.66
DSCR
$1,805
Rent
-$713
Cashflow
Cash Flow
$1,805 income − $2,518 expenses = $713 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,547
Downpayment
20%
$68,140
Closing costs
1%
$3,407
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,805
Total Expenses
$2,518
Mortgage P&I
100%
$1,807
Property Taxes
7%
$122
Home Insurance
7%
$121
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0