This property looks like a bad Long-Term investment with a projected -15.3% first-year return on $72,240 initial cash invested.
-15.3%
Cash On Cash
3.85%
Cap Rate
0.58
DSCR
$2,362
Rent
-$921
Cashflow
Cash Flow
$2,362 income − $3,283 expenses = $921 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,240
Downpayment
20%
$68,800
Closing costs
1%
$3,440
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,362
Total Expenses
$3,283
Mortgage P&I
81%
$1,907
Property Taxes
27%
$642
Home Insurance
5%
$120
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0