This property looks like a bad Long-Term investment with a projected -7.6% first-year return on $72,597 initial cash invested.
-7.6%
Cash On Cash
4.97%
Cap Rate
0.8
DSCR
$2,183
Rent
-$460
Cashflow
Cash Flow
$2,183 income − $2,643 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,597
Downpayment
20%
$69,140
Closing costs
1%
$3,457
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,183
Total Expenses
$2,643
Mortgage P&I
82%
$1,784
Property Taxes
8%
$170
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0