This property looks like a bad Long-Term investment with a projected -1.62% first-year return on $72,492 initial cash invested.
-1.62%
Cash On Cash
6.71%
Cap Rate
1.02
DSCR
$2,716
Rent
-$98
Cashflow
Cash Flow
$2,716 income − $2,814 expenses = $98 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,492
Downpayment
20%
$69,040
Closing costs
1%
$3,452
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,716
Total Expenses
$2,814
Mortgage P&I
70%
$1,892
Property Taxes
3%
$93
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0