This property looks like a bad Long-Term investment with a projected -10.45% first-year return on $72,450 initial cash invested.
-10.45%
Cash On Cash
4.41%
Cap Rate
0.7
DSCR
$1,942
Rent
-$631
Cashflow
Cash Flow
$1,942 income − $2,573 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,450
Downpayment
20%
$69,000
Closing costs
1%
$3,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,942
Total Expenses
$2,573
Mortgage P&I
93%
$1,801
Property Taxes
8%
$146
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0