This property looks like a bad Long-Term investment with a projected -9.81% first-year return on $72,177 initial cash invested.
-9.81%
Cash On Cash
4.63%
Cap Rate
0.73
DSCR
$2,053
Rent
-$590
Cashflow
Cash Flow
$2,053 income − $2,643 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,053
Total Expenses
$2,643
Mortgage P&I
88%
$1,814
Property Taxes
8%
$173
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0