This property looks like a bad Long-Term investment with a projected -13.08% first-year return on $71,862 initial cash invested.
-13.08%
Cash On Cash
4.04%
Cap Rate
0.64
DSCR
$2,438
Rent
-$783
Cashflow
Cash Flow
$2,438 income − $3,221 expenses = $783 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,862
Downpayment
20%
$68,440
Closing costs
1%
$3,422
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,438
Total Expenses
$3,221
Mortgage P&I
74%
$1,814
Property Taxes
27%
$651
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0