This property looks like a bad Long-Term investment with a projected -19.21% first-year return on $71,778 initial cash invested.
-19.21%
Cash On Cash
2.69%
Cap Rate
0.43
DSCR
$2,610
Rent
-$1,149
Cashflow
Cash Flow
$2,610 income − $3,759 expenses = $1,149 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,778
Downpayment
20%
$68,360
Closing costs
1%
$3,418
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,610
Total Expenses
$3,759
Mortgage P&I
68%
$1,785
Property Taxes
36%
$942
Home Insurance
5%
$122
HOA
9%
$232
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$157
Maintenance
5%
$130
Other
0%
$0