This property looks like a bad Long-Term investment with a projected -16.09% first-year return on $72,660 initial cash invested.
-16.09%
Cash On Cash
3.58%
Cap Rate
0.54
DSCR
$2,130
Rent
-$974
Cashflow
Cash Flow
$2,130 income − $3,104 expenses = $974 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,660
Downpayment
20%
$69,200
Closing costs
1%
$3,460
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,130
Total Expenses
$3,104
Mortgage P&I
89%
$1,900
Property Taxes
24%
$512
Home Insurance
7%
$139
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0