This property looks like a bad Long-Term investment with a projected -7.28% first-year return on $71,190 initial cash invested.
-7.28%
Cash On Cash
5.38%
Cap Rate
0.83
DSCR
$2,409
Rent
-$432
Cashflow
Cash Flow
$2,409 income − $2,841 expenses = $432 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,409
Total Expenses
$2,841
Mortgage P&I
76%
$1,831
Property Taxes
11%
$265
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0