This property looks like a bad Long-Term investment with a projected -10.12% first-year return on $72,219 initial cash invested.
-10.12%
Cash On Cash
4.96%
Cap Rate
0.75
DSCR
$2,710
Rent
-$609
Cashflow
Cash Flow
$2,710 income − $3,319 expenses = $609 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,710
Total Expenses
$3,319
Mortgage P&I
70%
$1,895
Property Taxes
22%
$596
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0