This property looks like a bad Long-Term investment with a projected -13.68% first-year return on $72,366 initial cash invested.
-13.68%
Cash On Cash
3.66%
Cap Rate
0.59
DSCR
$1,584
Rent
-$825
Cashflow
Cash Flow
$1,584 income − $2,409 expenses = $825 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,366
Downpayment
20%
$68,920
Closing costs
1%
$3,446
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,584
Total Expenses
$2,409
Mortgage P&I
114%
$1,798
Property Taxes
3%
$55
Home Insurance
8%
$128
HOA
1%
$17
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0