This property looks like a bad Long-Term investment with a projected -6.61% first-year return on $71,841 initial cash invested.
-6.61%
Cash On Cash
5.08%
Cap Rate
0.84
DSCR
$2,282
Rent
-$396
Cashflow
Cash Flow
$2,282 income − $2,678 expenses = $396 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,841
Downpayment
20%
$68,420
Closing costs
1%
$3,421
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,282
Total Expenses
$2,678
Mortgage P&I
76%
$1,730
Property Taxes
10%
$233
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0