This property looks like a bad Long-Term investment with a projected -9.44% first-year return on $71,820 initial cash invested.
-9.44%
Cash On Cash
4.93%
Cap Rate
0.76
DSCR
$2,267
Rent
-$565
Cashflow
Cash Flow
$2,267 income − $2,832 expenses = $565 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,820
Downpayment
20%
$68,400
Closing costs
1%
$3,420
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,267
Total Expenses
$2,832
Mortgage P&I
82%
$1,858
Property Taxes
12%
$263
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0