This property looks like a bad Long-Term investment with a projected -10.09% first-year return on $72,408 initial cash invested.
-10.09%
Cash On Cash
4.96%
Cap Rate
0.75
DSCR
$2,466
Rent
-$609
Cashflow
Cash Flow
$2,466 income − $3,075 expenses = $609 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,408
Downpayment
20%
$68,960
Closing costs
1%
$3,448
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,466
Total Expenses
$3,075
Mortgage P&I
77%
$1,911
Property Taxes
16%
$401
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0