This property looks like a bad Long-Term investment with a projected -10.77% first-year return on $72,450 initial cash invested.
-10.77%
Cash On Cash
4.79%
Cap Rate
0.72
DSCR
$2,454
Rent
-$650
Cashflow
Cash Flow
$2,454 income − $3,104 expenses = $650 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,450
Downpayment
20%
$69,000
Closing costs
1%
$3,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,454
Total Expenses
$3,104
Mortgage P&I
78%
$1,904
Property Taxes
19%
$464
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0