This property looks like a bad Long-Term investment with a projected -8.07% first-year return on $71,190 initial cash invested.
-8.07%
Cash On Cash
5.08%
Cap Rate
0.79
DSCR
$2,062
Rent
-$479
Cashflow
Cash Flow
$2,062 income − $2,541 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,062
Total Expenses
$2,541
Mortgage P&I
88%
$1,810
Property Taxes
4%
$76
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0