This property looks like a bad Long-Term investment with a projected -8.11% first-year return on $72,240 initial cash invested.
-8.11%
Cash On Cash
5.47%
Cap Rate
0.83
DSCR
$3,235
Rent
-$488
Cashflow
Cash Flow
$3,235 income − $3,723 expenses = $488 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,240
Downpayment
20%
$68,800
Closing costs
1%
$3,440
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,235
Total Expenses
$3,723
Mortgage P&I
59%
$1,893
Property Taxes
27%
$866
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0