This property looks like a bad Long-Term investment with a projected -9.54% first-year return on $71,946 initial cash invested.
-9.54%
Cash On Cash
4.45%
Cap Rate
0.74
DSCR
$2,387
Rent
-$572
Cashflow
Cash Flow
$2,387 income − $2,959 expenses = $572 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,946
Downpayment
20%
$68,520
Closing costs
1%
$3,426
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,387
Total Expenses
$2,959
Mortgage P&I
72%
$1,723
Property Taxes
21%
$494
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0