This property looks like a bad Long-Term investment with a projected -12.32% first-year return on $72,198 initial cash invested.
-12.32%
Cash On Cash
4.43%
Cap Rate
0.67
DSCR
$2,124
Rent
-$741
Cashflow
Cash Flow
$2,124 income − $2,865 expenses = $741 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,198
Downpayment
20%
$68,760
Closing costs
1%
$3,438
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,124
Total Expenses
$2,865
Mortgage P&I
90%
$1,905
Property Taxes
14%
$287
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0