This property looks like a bad Long-Term investment with a projected -6.19% first-year return on $72,723 initial cash invested.
-6.19%
Cash On Cash
5.97%
Cap Rate
0.89
DSCR
$3,248
Rent
-$375
Cashflow
Cash Flow
$3,248 income − $3,623 expenses = $375 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,723
Downpayment
20%
$69,260
Closing costs
1%
$3,463
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,248
Total Expenses
$3,623
Mortgage P&I
60%
$1,937
Property Taxes
22%
$720
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$325
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0