This property looks like a bad Long-Term investment with a projected -4.98% first-year return on $71,106 initial cash invested.
-4.98%
Cash On Cash
5.93%
Cap Rate
0.91
DSCR
$2,392
Rent
-$295
Cashflow
Cash Flow
$2,392 income − $2,687 expenses = $295 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,106
Downpayment
20%
$67,720
Closing costs
1%
$3,386
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,392
Total Expenses
$2,687
Mortgage P&I
77%
$1,848
Property Taxes
4%
$94
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0