This property looks like a bad Long-Term investment with a projected -14.87% first-year return on $72,219 initial cash invested.
-14.87%
Cash On Cash
3.57%
Cap Rate
0.56
DSCR
$1,553
Rent
-$895
Cashflow
Cash Flow
$1,553 income − $2,448 expenses = $895 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,219
Downpayment
20%
$68,780
Closing costs
1%
$3,439
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,553
Total Expenses
$2,448
Mortgage P&I
118%
$1,840
Property Taxes
5%
$82
Home Insurance
8%
$122
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0