This property looks like a bad Long-Term investment with a projected -0.62% first-year return on $71,736 initial cash invested.
-0.62%
Cash On Cash
7.19%
Cap Rate
1.06
DSCR
$2,901
Rent
-$37
Cashflow
Cash Flow
$2,901 income − $2,938 expenses = $37 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,736
Downpayment
20%
$68,320
Closing costs
1%
$3,416
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,901
Total Expenses
$2,938
Mortgage P&I
67%
$1,939
Property Taxes
4%
$123
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0