This property looks like a bad Long-Term investment with a projected -18.11% first-year return on $72,555 initial cash invested.
-18.11%
Cash On Cash
2.93%
Cap Rate
0.46
DSCR
$1,935
Rent
-$1,095
Cashflow
Cash Flow
$1,935 income − $3,030 expenses = $1,095 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,555
Downpayment
20%
$69,100
Closing costs
1%
$3,455
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,935
Total Expenses
$3,030
Mortgage P&I
95%
$1,841
Property Taxes
16%
$315
Home Insurance
6%
$120
HOA
13%
$250
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0