This property looks like a bad Long-Term investment with a projected -13.29% first-year return on $72,429 initial cash invested.
-13.29%
Cash On Cash
4.37%
Cap Rate
0.64
DSCR
$1,917
Rent
-$802
Cashflow
Cash Flow
$1,917 income − $2,719 expenses = $802 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,429
Downpayment
20%
$68,980
Closing costs
1%
$3,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,917
Total Expenses
$2,719
Mortgage P&I
102%
$1,962
Property Taxes
6%
$114
Home Insurance
6%
$121
HOA
1%
$23
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0