This property looks like a bad Long-Term investment with a projected -10.34% first-year return on $72,450 initial cash invested.
-10.34%
Cash On Cash
4.66%
Cap Rate
0.72
DSCR
$2,220
Rent
-$624
Cashflow
Cash Flow
$2,220 income − $2,844 expenses = $624 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,450
Downpayment
20%
$69,000
Closing costs
1%
$3,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,220
Total Expenses
$2,844
Mortgage P&I
84%
$1,854
Property Taxes
13%
$292
Home Insurance
5%
$121
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0