This property looks like a bad Long-Term investment with a projected -15.48% first-year return on $72,177 initial cash invested.
-15.48%
Cash On Cash
3.22%
Cap Rate
0.53
DSCR
$1,910
Rent
-$931
Cashflow
Cash Flow
$1,910 income − $2,841 expenses = $931 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,177
Downpayment
20%
$68,740
Closing costs
1%
$3,437
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,910
Total Expenses
$2,841
Mortgage P&I
92%
$1,758
Property Taxes
23%
$442
Home Insurance
7%
$143
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0