This property looks like a bad Long-Term investment with a projected -16.97% first-year return on $72,219 initial cash invested.
-16.97%
Cash On Cash
3.31%
Cap Rate
0.51
DSCR
$1,952
Rent
-$1,021
Cashflow
Cash Flow
$1,952 income − $2,973 expenses = $1,021 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,219
Downpayment
20%
$68,780
Closing costs
1%
$3,439
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,952
Total Expenses
$2,973
Mortgage P&I
96%
$1,871
Property Taxes
24%
$474
Home Insurance
6%
$120
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0