This property looks like a bad Long-Term investment with a projected -14.65% first-year return on $71,190 initial cash invested.
-14.65%
Cash On Cash
3.22%
Cap Rate
0.54
DSCR
$1,595
Rent
-$869
Cashflow
Cash Flow
$1,595 income − $2,464 expenses = $869 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
6.4%
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
$1,595
Total Expenses
$2,464
Mortgage P&I
106%
$1,698
Property Taxes
14%
$231
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0