This property looks like a bad Long-Term investment with a projected -16.21% first-year return on $71,883 initial cash invested.
-16.21%
Cash On Cash
3.57%
Cap Rate
0.54
DSCR
$2,020
Rent
-$971
Cashflow
Cash Flow
$2,020 income − $2,991 expenses = $971 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,883
Downpayment
20%
$68,460
Closing costs
1%
$3,423
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,020
Total Expenses
$2,991
Mortgage P&I
93%
$1,888
Property Taxes
23%
$456
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0