This property looks like a bad Long-Term investment with a projected -15.72% first-year return on $72,135 initial cash invested.
-15.72%
Cash On Cash
3.64%
Cap Rate
0.55
DSCR
$2,121
Rent
-$945
Cashflow
Cash Flow
$2,121 income − $3,066 expenses = $945 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,135
Downpayment
20%
$68,700
Closing costs
1%
$3,435
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,121
Total Expenses
$3,066
Mortgage P&I
89%
$1,881
Property Taxes
22%
$472
Home Insurance
6%
$122
HOA
2%
$40
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0