This property looks like a bad Long-Term investment with a projected -10.36% first-year return on $72,723 initial cash invested.
-10.36%
Cash On Cash
4.9%
Cap Rate
0.73
DSCR
$2,241
Rent
-$628
Cashflow
Cash Flow
$2,241 income − $2,869 expenses = $628 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,241
Total Expenses
$2,869
Mortgage P&I
86%
$1,929
Property Taxes
11%
$236
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0