This property looks like a bad Long-Term investment with a projected -6.43% first-year return on $71,106 initial cash invested.
-6.43%
Cash On Cash
5.52%
Cap Rate
0.86
DSCR
$2,338
Rent
-$381
Cashflow
Cash Flow
$2,338 income − $2,719 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,106
Downpayment
20%
$67,720
Closing costs
1%
$3,386
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,338
Total Expenses
$2,719
Mortgage P&I
78%
$1,822
Property Taxes
7%
$167
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0