This property looks like a bad Long-Term investment with a projected -20.24% first-year return on $72,553 initial cash invested.
-20.24%
Cash On Cash
2.27%
Cap Rate
0.37
DSCR
$1,831
Rent
-$1,224
Cashflow
Cash Flow
$1,831 income − $3,055 expenses = $1,224 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,553
Downpayment
20%
$69,098
Closing costs
1%
$3,455
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,831
Total Expenses
$3,055
Mortgage P&I
98%
$1,786
Property Taxes
37%
$671
Home Insurance
7%
$121
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0