This property looks like a bad Long-Term investment with a projected -8.37% first-year return on $72,219 initial cash invested.
-8.37%
Cash On Cash
4.77%
Cap Rate
0.78
DSCR
$2,151
Rent
-$504
Cashflow
Cash Flow
$2,151 income − $2,655 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,219
Downpayment
20%
$68,780
Closing costs
1%
$3,439
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,151
Total Expenses
$2,655
Mortgage P&I
82%
$1,764
Property Taxes
10%
$209
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0