This property looks like a bad Long-Term investment with a projected -8.52% first-year return on $71,862 initial cash invested.
-8.52%
Cash On Cash
5.42%
Cap Rate
0.8
DSCR
$2,624
Rent
-$510
Cashflow
Cash Flow
$2,624 income − $3,134 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,862
Downpayment
20%
$68,440
Closing costs
1%
$3,422
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,624
Total Expenses
$3,134
Mortgage P&I
73%
$1,926
Property Taxes
15%
$396
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0