This property looks like a bad Long-Term investment with a projected -9.67% first-year return on $71,085 initial cash invested.
-9.67%
Cash On Cash
4.9%
Cap Rate
0.75
DSCR
$2,068
Rent
-$573
Cashflow
Cash Flow
$2,068 income − $2,641 expenses = $573 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,085
Downpayment
20%
$67,700
Closing costs
1%
$3,385
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,068
Total Expenses
$2,641
Mortgage P&I
90%
$1,853
Property Taxes
6%
$130
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0