This property looks like a bad Long-Term investment with a projected -6.62% first-year return on $72,492 initial cash invested.
-6.62%
Cash On Cash
5.58%
Cap Rate
0.85
DSCR
$2,348
Rent
-$400
Cashflow
Cash Flow
$2,348 income − $2,748 expenses = $400 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,492
Downpayment
20%
$69,040
Closing costs
1%
$3,452
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,348
Total Expenses
$2,748
Mortgage P&I
80%
$1,888
Property Taxes
5%
$128
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0