This property looks like a bad Long-Term investment with a projected -4.05% first-year return on $72,303 initial cash invested.
-4.05%
Cash On Cash
5.67%
Cap Rate
0.93
DSCR
$2,325
Rent
-$244
Cashflow
Cash Flow
$2,325 income − $2,569 expenses = $244 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,303
Downpayment
20%
$68,860
Closing costs
1%
$3,443
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,325
Total Expenses
$2,569
Mortgage P&I
75%
$1,754
Property Taxes
4%
$89
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0