This property looks like a bad Long-Term investment with a projected -8.47% first-year return on $72,261 initial cash invested.
-8.47%
Cash On Cash
4.85%
Cap Rate
0.77
DSCR
$2,020
Rent
-$510
Cashflow
Cash Flow
$2,020 income − $2,530 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,261
Downpayment
20%
$68,820
Closing costs
1%
$3,441
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,020
Total Expenses
$2,530
Mortgage P&I
89%
$1,799
Property Taxes
4%
$84
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0