This property looks like a bad Long-Term investment with a projected -8.74% first-year return on $72,471 initial cash invested.
-8.74%
Cash On Cash
5.14%
Cap Rate
0.79
DSCR
$2,630
Rent
-$528
Cashflow
Cash Flow
$2,630 income − $3,158 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,471
Downpayment
20%
$69,020
Closing costs
1%
$3,451
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,630
Total Expenses
$3,158
Mortgage P&I
71%
$1,873
Property Taxes
18%
$478
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0