This property looks like a bad Long-Term investment with a projected -14.23% first-year return on $71,925 initial cash invested.
-14.23%
Cash On Cash
3.93%
Cap Rate
0.6
DSCR
$1,961
Rent
-$853
Cashflow
Cash Flow
$1,961 income − $2,814 expenses = $853 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,925
Downpayment
20%
$68,500
Closing costs
1%
$3,425
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,961
Total Expenses
$2,814
Mortgage P&I
96%
$1,877
Property Taxes
16%
$306
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0