This property looks like a bad Long-Term investment with a projected -8.89% first-year return on $72,450 initial cash invested.
-8.89%
Cash On Cash
5.1%
Cap Rate
0.78
DSCR
$2,287
Rent
-$537
Cashflow
Cash Flow
$2,287 income − $2,824 expenses = $537 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,450
Downpayment
20%
$69,000
Closing costs
1%
$3,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,287
Total Expenses
$2,824
Mortgage P&I
83%
$1,890
Property Taxes
10%
$218
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0