This property looks like a bad Long-Term investment with a projected -7.09% first-year return on $72,660 initial cash invested.
-7.09%
Cash On Cash
5.5%
Cap Rate
0.84
DSCR
$2,660
Rent
-$429
Cashflow
Cash Flow
$2,660 income − $3,089 expenses = $429 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,660
Downpayment
20%
$69,200
Closing costs
1%
$3,460
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,660
Total Expenses
$3,089
Mortgage P&I
71%
$1,882
Property Taxes
15%
$393
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0