This property looks like a bad Long-Term investment with a projected -12.19% first-year return on $71,862 initial cash invested.
-12.19%
Cash On Cash
3.93%
Cap Rate
0.64
DSCR
$2,035
Rent
-$730
Cashflow
Cash Flow
$2,035 income − $2,765 expenses = $730 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,862
Downpayment
20%
$68,440
Closing costs
1%
$3,422
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,035
Total Expenses
$2,765
Mortgage P&I
86%
$1,749
Property Taxes
18%
$365
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0