This property looks like a bad Long-Term investment with a projected -10.54% first-year return on $71,190 initial cash invested.
-10.54%
Cash On Cash
4.56%
Cap Rate
0.71
DSCR
$1,884
Rent
-$625
Cashflow
Cash Flow
$1,884 income − $2,509 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,884
Total Expenses
$2,509
Mortgage P&I
97%
$1,819
Property Taxes
4%
$82
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0