This property looks like a bad Long-Term investment with a projected -14.37% first-year return on $72,576 initial cash invested.
-14.37%
Cash On Cash
3.75%
Cap Rate
0.59
DSCR
$2,084
Rent
-$869
Cashflow
Cash Flow
$2,084 income − $2,953 expenses = $869 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,576
Downpayment
20%
$69,120
Closing costs
1%
$3,456
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,084
Total Expenses
$2,953
Mortgage P&I
89%
$1,845
Property Taxes
16%
$343
Home Insurance
6%
$122
HOA
5%
$102
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0