This property looks like a bad Long-Term investment with a projected -14.8% first-year return on $71,610 initial cash invested.
-14.8%
Cash On Cash
3.77%
Cap Rate
0.58
DSCR
$1,954
Rent
-$883
Cashflow
Cash Flow
$1,954 income − $2,837 expenses = $883 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,610
Downpayment
20%
$68,200
Closing costs
1%
$3,410
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,954
Total Expenses
$2,837
Mortgage P&I
95%
$1,855
Property Taxes
18%
$352
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0