This property looks like a bad Long-Term investment with a projected -11.08% first-year return on $71,715 initial cash invested.
-11.08%
Cash On Cash
4.3%
Cap Rate
0.69
DSCR
$2,187
Rent
-$662
Cashflow
Cash Flow
$2,187 income − $2,849 expenses = $662 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,715
Downpayment
20%
$68,300
Closing costs
1%
$3,415
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,187
Total Expenses
$2,849
Mortgage P&I
81%
$1,778
Property Taxes
17%
$381
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0