This property looks like a bad Long-Term investment with a projected -10.53% first-year return on $72,009 initial cash invested.
-10.53%
Cash On Cash
4.78%
Cap Rate
0.73
DSCR
$2,375
Rent
-$632
Cashflow
Cash Flow
$2,375 income − $3,007 expenses = $632 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,009
Downpayment
20%
$68,580
Closing costs
1%
$3,429
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,375
Total Expenses
$3,007
Mortgage P&I
79%
$1,878
Property Taxes
17%
$399
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0