This property looks like a bad Long-Term investment with a projected -13.85% first-year return on $71,988 initial cash invested.
-13.85%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$1,930
Rent
-$831
Cashflow
Cash Flow
$1,930 income − $2,761 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,988
Downpayment
20%
$68,560
Closing costs
1%
$3,428
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,930
Total Expenses
$2,761
Mortgage P&I
91%
$1,750
Property Taxes
20%
$388
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0