This property looks like a bad Long-Term investment with a projected -12.76% first-year return on $71,925 initial cash invested.
-12.76%
Cash On Cash
4.33%
Cap Rate
0.65
DSCR
$1,958
Rent
-$765
Cashflow
Cash Flow
$1,958 income − $2,723 expenses = $765 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,925
Downpayment
20%
$68,500
Closing costs
1%
$3,425
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,958
Total Expenses
$2,723
Mortgage P&I
97%
$1,902
Property Taxes
10%
$190
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0