This property looks like a bad Long-Term investment with a projected -23.46% first-year return on $71,820 initial cash invested.
-23.46%
Cash On Cash
1.61%
Cap Rate
0.26
DSCR
$1,518
Rent
-$1,404
Cashflow
Cash Flow
$1,518 income − $2,922 expenses = $1,404 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,820
Downpayment
20%
$68,400
Closing costs
1%
$3,420
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,518
Total Expenses
$2,922
Mortgage P&I
118%
$1,786
Property Taxes
41%
$621
Home Insurance
8%
$120
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0