This property looks like a bad Long-Term investment with a projected -16.17% first-year return on $71,190 initial cash invested.
-16.17%
Cash On Cash
3.55%
Cap Rate
0.54
DSCR
$1,863
Rent
-$959
Cashflow
Cash Flow
$1,863 income − $2,822 expenses = $959 out of pocket
Investment Breakdown
|
Purchase Price
$339k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,190
Downpayment
20%
$67,800
Closing costs
1%
$3,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,863
Total Expenses
$2,822
Mortgage P&I
100%
$1,868
Property Taxes
19%
$351
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0