This property looks like a bad Long-Term investment with a projected -8.98% first-year return on $71,526 initial cash invested.
-8.98%
Cash On Cash
5.05%
Cap Rate
0.77
DSCR
$2,174
Rent
-$535
Cashflow
Cash Flow
$2,174 income − $2,709 expenses = $535 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,526
Downpayment
20%
$68,120
Closing costs
1%
$3,406
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,174
Total Expenses
$2,709
Mortgage P&I
86%
$1,859
Property Taxes
8%
$163
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0