This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $72,198 initial cash invested.
-13.75%
Cash On Cash
3.6%
Cap Rate
0.59
DSCR
$2,096
Rent
-$827
Cashflow
Cash Flow
$2,096 income − $2,923 expenses = $827 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,198
Downpayment
20%
$68,760
Closing costs
1%
$3,438
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,096
Total Expenses
$2,923
Mortgage P&I
84%
$1,753
Property Taxes
24%
$502
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0