This property looks like a bad Long-Term investment with a projected -9.83% first-year return on $71,190 initial cash invested.
-9.83%
Cash On Cash
4.87%
Cap Rate
0.74
DSCR
$2,191
Rent
-$583
Cashflow
Cash Flow
$2,191 income − $2,774 expenses = $583 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
$2,191
Total Expenses
$2,774
Mortgage P&I
84%
$1,850
Property Taxes
11%
$235
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$131
Maintenance
5%
$110
Other
0%
$0