This property looks like a bad Long-Term investment with a projected -14.82% first-year return on $71,190 initial cash invested.
-14.82%
Cash On Cash
3.88%
Cap Rate
0.59
DSCR
$2,032
Rent
-$879
Cashflow
Cash Flow
$2,032 income − $2,911 expenses = $879 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,032
Total Expenses
$2,911
Mortgage P&I
92%
$1,873
Property Taxes
9%
$190
Home Insurance
6%
$119
HOA
10%
$200
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0