This property looks like a bad Long-Term investment with a projected -14.99% first-year return on $72,429 initial cash invested.
-14.99%
Cash On Cash
3.89%
Cap Rate
0.58
DSCR
$1,931
Rent
-$905
Cashflow
Cash Flow
$1,931 income − $2,836 expenses = $905 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,931
Total Expenses
$2,836
Mortgage P&I
100%
$1,927
Property Taxes
12%
$222
Home Insurance
6%
$121
HOA
3%
$63
Property Management
10%
$193
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0