This property looks like a bad Long-Term investment with a projected -13.05% first-year return on $71,652 initial cash invested.
-13.05%
Cash On Cash
3.83%
Cap Rate
0.61
DSCR
$1,920
Rent
-$779
Cashflow
Cash Flow
$1,920 income − $2,699 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,652
Downpayment
20%
$68,240
Closing costs
1%
$3,412
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,920
Total Expenses
$2,699
Mortgage P&I
92%
$1,772
Property Taxes
16%
$306
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0