This property looks like a bad Long-Term investment with a projected -16.16% first-year return on $72,240 initial cash invested.
-16.16%
Cash On Cash
3.47%
Cap Rate
0.53
DSCR
$1,676
Rent
-$973
Cashflow
Cash Flow
$1,676 income − $2,649 expenses = $973 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,676
Total Expenses
$2,649
Mortgage P&I
112%
$1,884
Property Taxes
12%
$193
Home Insurance
7%
$122
HOA
1%
$13
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0