This property looks like a bad Long-Term investment with a projected -6.63% first-year return on $72,534 initial cash invested.
-6.63%
Cash On Cash
5.57%
Cap Rate
0.85
DSCR
$2,278
Rent
-$401
Cashflow
Cash Flow
$2,278 income − $2,679 expenses = $401 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,534
Downpayment
20%
$69,080
Closing costs
1%
$3,454
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,278
Total Expenses
$2,679
Mortgage P&I
83%
$1,891
Property Taxes
3%
$66
Home Insurance
5%
$122
HOA
0%
$7
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0