This property looks like a bad Long-Term investment with a projected -7.57% first-year return on $72,324 initial cash invested.
-7.57%
Cash On Cash
5.16%
Cap Rate
0.82
DSCR
$2,527
Rent
-$456
Cashflow
Cash Flow
$2,527 income − $2,983 expenses = $456 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,324
Downpayment
20%
$68,880
Closing costs
1%
$3,444
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,527
Total Expenses
$2,983
Mortgage P&I
72%
$1,811
Property Taxes
16%
$410
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0