This property looks like a bad Long-Term investment with a projected -12.07% first-year return on $72,660 initial cash invested.
-12.07%
Cash On Cash
4.1%
Cap Rate
0.65
DSCR
$1,923
Rent
-$731
Cashflow
Cash Flow
$1,923 income − $2,654 expenses = $731 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,660
Downpayment
20%
$69,200
Closing costs
1%
$3,460
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,923
Total Expenses
$2,654
Mortgage P&I
95%
$1,818
Property Taxes
11%
$215
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0