This property looks like a bad Long-Term investment with a projected -10.71% first-year return on $72,702 initial cash invested.
-10.71%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$2,213
Rent
-$649
Cashflow
Cash Flow
$2,213 income − $2,862 expenses = $649 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,702
Downpayment
20%
$69,240
Closing costs
1%
$3,462
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,213
Total Expenses
$2,862
Mortgage P&I
86%
$1,907
Property Taxes
12%
$255
Home Insurance
6%
$124
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0