This property looks like a bad Long-Term investment with a projected -14.61% first-year return on $72,030 initial cash invested.
-14.61%
Cash On Cash
3.73%
Cap Rate
0.59
DSCR
$2,461
Rent
-$877
Cashflow
Cash Flow
$2,461 income − $3,338 expenses = $877 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,030
Downpayment
20%
$68,600
Closing costs
1%
$3,430
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,461
Total Expenses
$3,338
Mortgage P&I
74%
$1,821
Property Taxes
31%
$755
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0