This property looks like a bad Long-Term investment with a projected -8.25% first-year return on $72,723 initial cash invested.
-8.25%
Cash On Cash
4.9%
Cap Rate
0.79
DSCR
$2,437
Rent
-$500
Cashflow
Cash Flow
$2,437 income − $2,937 expenses = $500 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,723
Downpayment
20%
$69,260
Closing costs
1%
$3,463
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,437
Total Expenses
$2,937
Mortgage P&I
74%
$1,793
Property Taxes
14%
$342
Home Insurance
5%
$122
HOA
2%
$46
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0