This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $72,534 initial cash invested.
-9.74%
Cash On Cash
5.16%
Cap Rate
0.77
DSCR
$2,845
Rent
-$589
Cashflow
Cash Flow
$2,845 income − $3,434 expenses = $589 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,534
Downpayment
20%
$69,080
Closing costs
1%
$3,454
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,845
Total Expenses
$3,434
Mortgage P&I
68%
$1,932
Property Taxes
22%
$632
Home Insurance
4%
$122
HOA
0%
$9
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0