This property looks like a bad Long-Term investment with a projected -8% first-year return on $72,597 initial cash invested.
-8%
Cash On Cash
5.28%
Cap Rate
0.81
DSCR
$2,477
Rent
-$484
Cashflow
Cash Flow
$2,477 income − $2,961 expenses = $484 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,597
Downpayment
20%
$69,140
Closing costs
1%
$3,457
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,477
Total Expenses
$2,961
Mortgage P&I
76%
$1,881
Property Taxes
13%
$313
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0