This property looks like a bad Long-Term investment with a projected -14.86% first-year return on $72,576 initial cash invested.
-14.86%
Cash On Cash
3.9%
Cap Rate
0.59
DSCR
$2,126
Rent
-$899
Cashflow
Cash Flow
$2,126 income − $3,025 expenses = $899 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,576
Downpayment
20%
$69,120
Closing costs
1%
$3,456
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,126
Total Expenses
$3,025
Mortgage P&I
90%
$1,917
Property Taxes
20%
$431
Home Insurance
6%
$122
HOA
0%
$2
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0