This property looks like a bad Long-Term investment with a projected -15.69% first-year return on $72,450 initial cash invested.
-15.69%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$1,605
Rent
-$947
Cashflow
Cash Flow
$1,605 income − $2,552 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,605
Total Expenses
$2,552
Mortgage P&I
119%
$1,908
Property Taxes
7%
$107
Home Insurance
8%
$121
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0