This property looks like a bad Long-Term investment with a projected -14% first-year return on $71,736 initial cash invested.
-14%
Cash On Cash
3.91%
Cap Rate
0.6
DSCR
$1,881
Rent
-$837
Cashflow
Cash Flow
$1,881 income − $2,718 expenses = $837 out of pocket
Investment Breakdown
|
Purchase Price
$342k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,736
Downpayment
20%
$68,320
Closing costs
1%
$3,416
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,881
Total Expenses
$2,718
Mortgage P&I
99%
$1,856
Property Taxes
13%
$251
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0