This property looks like a bad Long-Term investment with a projected -13.81% first-year return on $72,723 initial cash invested.
-13.81%
Cash On Cash
3.92%
Cap Rate
0.61
DSCR
$2,015
Rent
-$837
Cashflow
Cash Flow
$2,015 income − $2,852 expenses = $837 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,723
Downpayment
20%
$69,260
Closing costs
1%
$3,463
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,015
Total Expenses
$2,852
Mortgage P&I
93%
$1,867
Property Taxes
17%
$344
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0