This property looks like a bad Long-Term investment with a projected -11.98% first-year return on $72,534 initial cash invested.
-11.98%
Cash On Cash
4.51%
Cap Rate
0.67
DSCR
$1,935
Rent
-$724
Cashflow
Cash Flow
$1,935 income − $2,659 expenses = $724 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,534
Downpayment
20%
$69,080
Closing costs
1%
$3,454
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,935
Total Expenses
$2,659
Mortgage P&I
99%
$1,924
Property Taxes
6%
$109
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0