This property looks like a bad Long-Term investment with a projected -4.85% first-year return on $72,009 initial cash invested.
-4.85%
Cash On Cash
5.48%
Cap Rate
0.9
DSCR
$2,185
Rent
-$291
Cashflow
Cash Flow
$2,185 income − $2,476 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,009
Downpayment
20%
$68,580
Closing costs
1%
$3,429
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,185
Total Expenses
$2,476
Mortgage P&I
80%
$1,748
Property Taxes
2%
$39
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0