This property looks like a bad Long-Term investment with a projected -15.01% first-year return on $71,862 initial cash invested.
-15.01%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$2,205
Rent
-$899
Cashflow
Cash Flow
$2,205 income − $3,104 expenses = $899 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,862
Downpayment
20%
$68,440
Closing costs
1%
$3,422
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,205
Total Expenses
$3,104
Mortgage P&I
85%
$1,879
Property Taxes
24%
$531
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0