This property looks like a bad Long-Term investment with a projected -10.34% first-year return on $72,429 initial cash invested.
-10.34%
Cash On Cash
4.83%
Cap Rate
0.73
DSCR
$2,186
Rent
-$624
Cashflow
Cash Flow
$2,186 income − $2,810 expenses = $624 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,429
Downpayment
20%
$68,980
Closing costs
1%
$3,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,186
Total Expenses
$2,810
Mortgage P&I
87%
$1,902
Property Taxes
9%
$186
Home Insurance
6%
$122
HOA
1%
$32
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0