This property looks like a bad Long-Term investment with a projected -15.21% first-year return on $72,198 initial cash invested.
-15.21%
Cash On Cash
3.72%
Cap Rate
0.57
DSCR
$1,981
Rent
-$915
Cashflow
Cash Flow
$1,981 income − $2,896 expenses = $915 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,198
Downpayment
20%
$68,760
Closing costs
1%
$3,438
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,981
Total Expenses
$2,896
Mortgage P&I
95%
$1,883
Property Taxes
18%
$363
Home Insurance
6%
$122
HOA
1%
$13
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0