This property looks like a bad Long-Term investment with a projected -16.74% first-year return on $71,190 initial cash invested.
-16.74%
Cash On Cash
3.39%
Cap Rate
0.52
DSCR
$1,882
Rent
-$993
Cashflow
Cash Flow
$1,882 income − $2,875 expenses = $993 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,190
Downpayment
20%
$67,800
Closing costs
1%
$3,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,882
Total Expenses
$2,875
Mortgage P&I
99%
$1,857
Property Taxes
22%
$410
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0