This property looks like a bad Long-Term investment with a projected -9.76% first-year return on $71,568 initial cash invested.
-9.76%
Cash On Cash
4.96%
Cap Rate
0.75
DSCR
$2,176
Rent
-$582
Cashflow
Cash Flow
$2,176 income − $2,758 expenses = $582 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,568
Downpayment
20%
$68,160
Closing costs
1%
$3,408
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,176
Total Expenses
$2,758
Mortgage P&I
87%
$1,883
Property Taxes
9%
$191
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0