This property looks like a bad Long-Term investment with a projected -11.2% first-year return on $72,660 initial cash invested.
-11.2%
Cash On Cash
4.55%
Cap Rate
0.7
DSCR
$2,235
Rent
-$678
Cashflow
Cash Flow
$2,235 income − $2,913 expenses = $678 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,660
Downpayment
20%
$69,200
Closing costs
1%
$3,460
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,235
Total Expenses
$2,913
Mortgage P&I
84%
$1,878
Property Taxes
15%
$331
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0