This property looks like a bad Long-Term investment with a projected -14% first-year return on $72,240 initial cash invested.
-14%
Cash On Cash
3.46%
Cap Rate
0.56
DSCR
$1,587
Rent
-$843
Cashflow
Cash Flow
$1,587 income − $2,430 expenses = $843 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,240
Downpayment
20%
$68,800
Closing costs
1%
$3,440
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,587
Total Expenses
$2,430
Mortgage P&I
111%
$1,755
Property Taxes
9%
$143
Home Insurance
8%
$120
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0