This property looks like a bad Long-Term investment with a projected -11.28% first-year return on $71,694 initial cash invested.
-11.28%
Cash On Cash
4.67%
Cap Rate
0.71
DSCR
$2,516
Rent
-$674
Cashflow
Cash Flow
$2,516 income − $3,190 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,694
Downpayment
20%
$68,280
Closing costs
1%
$3,414
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,516
Total Expenses
$3,190
Mortgage P&I
75%
$1,878
Property Taxes
21%
$528
Home Insurance
5%
$121
HOA
0%
$8
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0