This property looks like a bad Long-Term investment with a projected -16.5% first-year return on $71,190 initial cash invested.
-16.5%
Cash On Cash
2.94%
Cap Rate
0.48
DSCR
$1,546
Rent
-$979
Cashflow
Cash Flow
$1,546 income − $2,525 expenses = $979 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,190
Downpayment
20%
$67,800
Closing costs
1%
$3,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,546
Total Expenses
$2,525
Mortgage P&I
112%
$1,732
Property Taxes
17%
$270
Home Insurance
8%
$121
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0