This property looks like a bad Long-Term investment with a projected -9.67% first-year return on $72,324 initial cash invested.
-9.67%
Cash On Cash
4.55%
Cap Rate
0.73
DSCR
$2,178
Rent
-$583
Cashflow
Cash Flow
$2,178 income − $2,761 expenses = $583 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,324
Downpayment
20%
$68,880
Closing costs
1%
$3,444
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,178
Total Expenses
$2,761
Mortgage P&I
82%
$1,779
Property Taxes
9%
$194
Home Insurance
6%
$122
HOA
5%
$99
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0