This property looks like a bad Long-Term investment with a projected -20.4% first-year return on $72,345 initial cash invested.
-20.4%
Cash On Cash
2.57%
Cap Rate
0.39
DSCR
$1,347
Rent
-$1,230
Cashflow
Cash Flow
$1,347 income − $2,577 expenses = $1,230 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,345
Downpayment
20%
$68,900
Closing costs
1%
$3,445
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,347
Total Expenses
$2,577
Mortgage P&I
141%
$1,902
Property Taxes
15%
$203
Home Insurance
9%
$122
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0