This property looks like a bad Long-Term investment with a projected -11.11% first-year return on $71,946 initial cash invested.
-11.11%
Cash On Cash
4.51%
Cap Rate
0.69
DSCR
$1,908
Rent
-$666
Cashflow
Cash Flow
$1,908 income − $2,574 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,946
Downpayment
20%
$68,520
Closing costs
1%
$3,426
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,908
Total Expenses
$2,574
Mortgage P&I
97%
$1,858
Property Taxes
5%
$99
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0