This property looks like a bad Long-Term investment with a projected -11.9% first-year return on $71,085 initial cash invested.
-11.9%
Cash On Cash
4.37%
Cap Rate
0.67
DSCR
$1,854
Rent
-$705
Cashflow
Cash Flow
$1,854 income − $2,559 expenses = $705 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,854
Total Expenses
$2,559
Mortgage P&I
99%
$1,844
Property Taxes
6%
$111
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0