This property looks like a bad Long-Term investment with a projected -17.57% first-year return on $72,618 initial cash invested.
-17.57%
Cash On Cash
3.27%
Cap Rate
0.49
DSCR
$1,915
Rent
-$1,063
Cashflow
Cash Flow
$1,915 income − $2,978 expenses = $1,063 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,618
Downpayment
20%
$69,160
Closing costs
1%
$3,458
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,915
Total Expenses
$2,978
Mortgage P&I
100%
$1,910
Property Taxes
23%
$445
Home Insurance
6%
$124
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0