This property looks like a bad Long-Term investment with a projected -9.45% first-year return on $72,513 initial cash invested.
-9.45%
Cash On Cash
4.5%
Cap Rate
0.74
DSCR
$2,356
Rent
-$571
Cashflow
Cash Flow
$2,356 income − $2,927 expenses = $571 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,513
Downpayment
20%
$69,060
Closing costs
1%
$3,453
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,356
Total Expenses
$2,927
Mortgage P&I
74%
$1,749
Property Taxes
19%
$443
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0