This property looks like a bad Long-Term investment with a projected -14.01% first-year return on $71,190 initial cash invested.
-14.01%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$2,022
Rent
-$831
Cashflow
Cash Flow
$2,022 income − $2,853 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,022
Total Expenses
$2,853
Mortgage P&I
92%
$1,852
Property Taxes
18%
$355
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0