This property looks like a bad Long-Term investment with a projected -14.01% first-year return on $71,631 initial cash invested.
-14.01%
Cash On Cash
3.79%
Cap Rate
0.59
DSCR
$1,648
Rent
-$836
Cashflow
Cash Flow
$1,648 income − $2,484 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,631
Downpayment
20%
$68,220
Closing costs
1%
$3,411
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,648
Total Expenses
$2,484
Mortgage P&I
111%
$1,832
Property Taxes
6%
$102
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0