This property looks like a bad Long-Term investment with a projected -14.07% first-year return on $71,904 initial cash invested.
-14.07%
Cash On Cash
3.9%
Cap Rate
0.6
DSCR
$1,890
Rent
-$843
Cashflow
Cash Flow
$1,890 income − $2,733 expenses = $843 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,904
Downpayment
20%
$68,480
Closing costs
1%
$3,424
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,890
Total Expenses
$2,733
Mortgage P&I
98%
$1,861
Property Taxes
14%
$260
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0