This property looks like a bad Long-Term investment with a projected -9.2% first-year return on $72,135 initial cash invested.
-9.2%
Cash On Cash
4.67%
Cap Rate
0.75
DSCR
$2,313
Rent
-$553
Cashflow
Cash Flow
$2,313 income − $2,866 expenses = $553 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,135
Downpayment
20%
$68,700
Closing costs
1%
$3,435
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,313
Total Expenses
$2,866
Mortgage P&I
77%
$1,775
Property Taxes
16%
$367
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0