This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $72,345 initial cash invested.
-13.75%
Cash On Cash
3.81%
Cap Rate
0.6
DSCR
$1,813
Rent
-$829
Cashflow
Cash Flow
$1,813 income − $2,642 expenses = $829 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,345
Downpayment
20%
$68,900
Closing costs
1%
$3,445
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,813
Total Expenses
$2,642
Mortgage P&I
101%
$1,833
Property Taxes
12%
$215
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0