This property looks like a bad Long-Term investment with a projected -12.8% first-year return on $72,387 initial cash invested.
-12.8%
Cash On Cash
3.91%
Cap Rate
0.62
DSCR
$1,874
Rent
-$772
Cashflow
Cash Flow
$1,874 income − $2,646 expenses = $772 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,387
Downpayment
20%
$68,940
Closing costs
1%
$3,447
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,874
Total Expenses
$2,646
Mortgage P&I
96%
$1,800
Property Taxes
12%
$234
Home Insurance
7%
$125
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0