This property looks like a bad Long-Term investment with a projected -6.7% first-year return on $72,723 initial cash invested.
-6.7%
Cash On Cash
5.15%
Cap Rate
0.83
DSCR
$2,082
Rent
-$406
Cashflow
Cash Flow
$2,082 income − $2,488 expenses = $406 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,723
Downpayment
20%
$69,260
Closing costs
1%
$3,463
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,082
Total Expenses
$2,488
Mortgage P&I
86%
$1,789
Property Taxes
2%
$36
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0