This property looks like a bad Long-Term investment with a projected -3.97% first-year return on $71,883 initial cash invested.
-3.97%
Cash On Cash
6.33%
Cap Rate
0.95
DSCR
$2,735
Rent
-$238
Cashflow
Cash Flow
$2,735 income − $2,973 expenses = $238 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,883
Downpayment
20%
$68,460
Closing costs
1%
$3,423
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,735
Total Expenses
$2,973
Mortgage P&I
70%
$1,906
Property Taxes
9%
$233
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0