This property looks like a bad Long-Term investment with a projected -8.31% first-year return on $71,190 initial cash invested.
-8.31%
Cash On Cash
5.33%
Cap Rate
0.81
DSCR
$2,647
Rent
-$493
Cashflow
Cash Flow
$2,647 income − $3,140 expenses = $493 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,647
Total Expenses
$3,140
Mortgage P&I
71%
$1,868
Property Taxes
17%
$458
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0