This property looks like a bad Long-Term investment with a projected -12.07% first-year return on $71,988 initial cash invested.
-12.07%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$2,413
Rent
-$724
Cashflow
Cash Flow
$2,413 income − $3,137 expenses = $724 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,988
Downpayment
20%
$68,560
Closing costs
1%
$3,428
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,413
Total Expenses
$3,137
Mortgage P&I
78%
$1,889
Property Taxes
21%
$498
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0