This property looks like a bad Long-Term investment with a projected -21.53% first-year return on $72,408 initial cash invested.
-21.53%
Cash On Cash
2.51%
Cap Rate
0.37
DSCR
$1,831
Rent
-$1,299
Cashflow
Cash Flow
$1,831 income − $3,130 expenses = $1,299 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,408
Downpayment
20%
$68,960
Closing costs
1%
$3,448
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,831
Total Expenses
$3,130
Mortgage P&I
105%
$1,929
Property Taxes
33%
$602
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0