This property looks like a bad Long-Term investment with a projected -12.5% first-year return on $71,715 initial cash invested.
-12.5%
Cash On Cash
4.21%
Cap Rate
0.65
DSCR
$1,949
Rent
-$747
Cashflow
Cash Flow
$1,949 income − $2,696 expenses = $747 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,715
Downpayment
20%
$68,300
Closing costs
1%
$3,415
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,949
Total Expenses
$2,696
Mortgage P&I
95%
$1,847
Property Taxes
11%
$221
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0