This property looks like a bad Long-Term investment with a projected -15.54% first-year return on $72,366 initial cash invested.
-15.54%
Cash On Cash
3.55%
Cap Rate
0.55
DSCR
$1,927
Rent
-$937
Cashflow
Cash Flow
$1,927 income − $2,864 expenses = $937 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,366
Downpayment
20%
$68,920
Closing costs
1%
$3,446
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,927
Total Expenses
$2,864
Mortgage P&I
97%
$1,861
Property Taxes
20%
$380
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0