This property looks like a bad Long-Term investment with a projected -10.32% first-year return on $72,450 initial cash invested.
-10.32%
Cash On Cash
4.3%
Cap Rate
0.7
DSCR
$1,980
Rent
-$623
Cashflow
Cash Flow
$1,980 income − $2,603 expenses = $623 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,450
Downpayment
20%
$69,000
Closing costs
1%
$3,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,980
Total Expenses
$2,603
Mortgage P&I
89%
$1,759
Property Taxes
11%
$208
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0