This property looks like a bad Long-Term investment with a projected -10.97% first-year return on $72,177 initial cash invested.
-10.97%
Cash On Cash
4.83%
Cap Rate
0.73
DSCR
$2,736
Rent
-$660
Cashflow
Cash Flow
$2,736 income − $3,396 expenses = $660 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,177
Downpayment
20%
$68,740
Closing costs
1%
$3,437
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,736
Total Expenses
$3,396
Mortgage P&I
70%
$1,907
Property Taxes
24%
$655
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0