This property looks like a bad Long-Term investment with a projected -19.81% first-year return on $72,324 initial cash invested.
-19.81%
Cash On Cash
2.71%
Cap Rate
0.42
DSCR
$2,061
Rent
-$1,194
Cashflow
Cash Flow
$2,061 income − $3,255 expenses = $1,194 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,324
Downpayment
20%
$68,880
Closing costs
1%
$3,444
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,061
Total Expenses
$3,255
Mortgage P&I
91%
$1,869
Property Taxes
29%
$598
Home Insurance
6%
$122
HOA
6%
$130
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0