This property looks like a bad Long-Term investment with a projected -10.3% first-year return on $72,135 initial cash invested.
-10.3%
Cash On Cash
4.57%
Cap Rate
0.72
DSCR
$2,231
Rent
-$619
Cashflow
Cash Flow
$2,231 income − $2,850 expenses = $619 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,135
Downpayment
20%
$68,700
Closing costs
1%
$3,435
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,231
Total Expenses
$2,850
Mortgage P&I
81%
$1,816
Property Taxes
15%
$332
Home Insurance
5%
$121
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0