This property looks like a bad Long-Term investment with a projected -8.38% first-year return on $72,345 initial cash invested.
-8.38%
Cash On Cash
5.44%
Cap Rate
0.81
DSCR
$2,594
Rent
-$505
Cashflow
Cash Flow
$2,594 income − $3,099 expenses = $505 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,345
Downpayment
20%
$68,900
Closing costs
1%
$3,445
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,594
Total Expenses
$3,099
Mortgage P&I
75%
$1,938
Property Taxes
13%
$338
Home Insurance
6%
$148
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0