This property looks like a bad Long-Term investment with a projected -16.13% first-year return on $71,253 initial cash invested.
-16.13%
Cash On Cash
3.52%
Cap Rate
0.54
DSCR
$1,968
Rent
-$958
Cashflow
Cash Flow
$1,968 income − $2,926 expenses = $958 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,253
Downpayment
20%
$67,860
Closing costs
1%
$3,393
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,968
Total Expenses
$2,926
Mortgage P&I
94%
$1,856
Property Taxes
21%
$423
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0