This property looks like a bad Long-Term investment with a projected -12.58% first-year return on $72,408 initial cash invested.
-12.58%
Cash On Cash
4.36%
Cap Rate
0.66
DSCR
$2,123
Rent
-$759
Cashflow
Cash Flow
$2,123 income − $2,882 expenses = $759 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,408
Downpayment
20%
$68,960
Closing costs
1%
$3,448
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,123
Total Expenses
$2,882
Mortgage P&I
90%
$1,907
Property Taxes
14%
$302
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0