This property looks like a bad Long-Term investment with a projected -12.08% first-year return on $72,618 initial cash invested.
-12.08%
Cash On Cash
4.28%
Cap Rate
0.67
DSCR
$2,332
Rent
-$731
Cashflow
Cash Flow
$2,332 income − $3,063 expenses = $731 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,618
Downpayment
20%
$69,160
Closing costs
1%
$3,458
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,332
Total Expenses
$3,063
Mortgage P&I
79%
$1,848
Property Taxes
20%
$459
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0