This property looks like a bad Long-Term investment with a projected -12.72% first-year return on $72,639 initial cash invested.
-12.72%
Cash On Cash
3.98%
Cap Rate
0.63
DSCR
$1,795
Rent
-$770
Cashflow
Cash Flow
$1,795 income − $2,565 expenses = $770 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,639
Downpayment
20%
$69,180
Closing costs
1%
$3,459
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,795
Total Expenses
$2,565
Mortgage P&I
102%
$1,826
Property Taxes
8%
$150
Home Insurance
7%
$121
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0