This property looks like a bad Long-Term investment with a projected -9.86% first-year return on $71,904 initial cash invested.
-9.86%
Cash On Cash
4.42%
Cap Rate
0.72
DSCR
$1,877
Rent
-$591
Cashflow
Cash Flow
$1,877 income − $2,468 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,904
Downpayment
20%
$68,480
Closing costs
1%
$3,424
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,877
Total Expenses
$2,468
Mortgage P&I
94%
$1,758
Property Taxes
5%
$99
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0