This property looks like a bad Long-Term investment with a projected -7.51% first-year return on $71,253 initial cash invested.
-7.51%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$2,989
Rent
-$446
Cashflow
Cash Flow
$2,989 income − $3,435 expenses = $446 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,253
Downpayment
20%
$67,860
Closing costs
1%
$3,393
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,989
Total Expenses
$3,435
Mortgage P&I
63%
$1,869
Property Taxes
22%
$671
Home Insurance
4%
$119
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0