This property looks like a bad Long-Term investment with a projected -10.04% first-year return on $72,534 initial cash invested.
-10.04%
Cash On Cash
4.92%
Cap Rate
0.74
DSCR
$2,238
Rent
-$607
Cashflow
Cash Flow
$2,238 income − $2,845 expenses = $607 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,534
Downpayment
20%
$69,080
Closing costs
1%
$3,454
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,238
Total Expenses
$2,845
Mortgage P&I
85%
$1,912
Property Taxes
10%
$225
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0