This property looks like a bad Long-Term investment with a projected -15.95% first-year return on $71,925 initial cash invested.
-15.95%
Cash On Cash
3.68%
Cap Rate
0.55
DSCR
$2,202
Rent
-$956
Cashflow
Cash Flow
$2,202 income − $3,158 expenses = $956 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,925
Downpayment
20%
$68,500
Closing costs
1%
$3,425
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,202
Total Expenses
$3,158
Mortgage P&I
86%
$1,896
Property Taxes
23%
$515
Home Insurance
6%
$125
HOA
2%
$50
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0