This property looks like a bad Long-Term investment with a projected -3.09% first-year return on $71,946 initial cash invested.
-3.09%
Cash On Cash
6.26%
Cap Rate
0.98
DSCR
$2,953
Rent
-$185
Cashflow
Cash Flow
$2,953 income − $3,138 expenses = $185 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,946
Downpayment
20%
$68,520
Closing costs
1%
$3,426
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,953
Total Expenses
$3,138
Mortgage P&I
62%
$1,823
Property Taxes
14%
$425
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0