This property looks like a bad Long-Term investment with a projected -19.42% first-year return on $72,240 initial cash invested.
-19.42%
Cash On Cash
2.27%
Cap Rate
0.37
DSCR
$1,050
Rent
-$1,169
Cashflow
Cash Flow
$1,050 income − $2,219 expenses = $1,169 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,240
Downpayment
20%
$68,800
Closing costs
1%
$3,440
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,050
Total Expenses
$2,219
Mortgage P&I
168%
$1,768
Property Taxes
6%
$59
Home Insurance
11%
$120
HOA
0%
$0
Property Management
10%
$105
CapEx
5%
$52
Vacancy
6%
$63
Maintenance
5%
$52
Other
0%
$0