This property looks like a bad Long-Term investment with a projected -6.79% first-year return on $72,681 initial cash invested.
-6.79%
Cash On Cash
5.68%
Cap Rate
0.86
DSCR
$2,836
Rent
-$411
Cashflow
Cash Flow
$2,836 income − $3,247 expenses = $411 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,681
Downpayment
20%
$69,220
Closing costs
1%
$3,461
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,836
Total Expenses
$3,247
Mortgage P&I
67%
$1,907
Property Taxes
17%
$486
Home Insurance
4%
$116
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0