This property looks like a bad Long-Term investment with a projected -16.74% first-year return on $71,526 initial cash invested.
-16.74%
Cash On Cash
3.33%
Cap Rate
0.51
DSCR
$1,819
Rent
-$998
Cashflow
Cash Flow
$1,819 income − $2,817 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,526
Downpayment
20%
$68,120
Closing costs
1%
$3,406
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,819
Total Expenses
$2,817
Mortgage P&I
102%
$1,853
Property Taxes
20%
$365
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0