This property looks like a bad Long-Term investment with a projected -16.89% first-year return on $71,631 initial cash invested.
-16.89%
Cash On Cash
2.94%
Cap Rate
0.48
DSCR
$1,876
Rent
-$1,008
Cashflow
Cash Flow
$1,876 income − $2,884 expenses = $1,008 out of pocket
Investment Breakdown
|
Purchase Price
$341k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,631
Downpayment
20%
$68,220
Closing costs
1%
$3,411
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,876
Total Expenses
$2,884
Mortgage P&I
93%
$1,749
Property Taxes
28%
$524
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0