This property looks like a bad Long-Term investment with a projected -12.71% first-year return on $72,135 initial cash invested.
-12.71%
Cash On Cash
4.39%
Cap Rate
0.66
DSCR
$2,354
Rent
-$764
Cashflow
Cash Flow
$2,354 income − $3,118 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,354
Total Expenses
$3,118
Mortgage P&I
81%
$1,904
Property Taxes
20%
$478
Home Insurance
5%
$124
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0