This property looks like a bad Long-Term investment with a projected -13.11% first-year return on $72,051 initial cash invested.
-13.11%
Cash On Cash
3.8%
Cap Rate
0.62
DSCR
$2,286
Rent
-$787
Cashflow
Cash Flow
$2,286 income − $3,073 expenses = $787 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,051
Downpayment
20%
$68,620
Closing costs
1%
$3,431
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,286
Total Expenses
$3,073
Mortgage P&I
77%
$1,759
Property Taxes
26%
$598
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0