This property looks like a bad Long-Term investment with a projected -13.41% first-year return on $72,198 initial cash invested.
-13.41%
Cash On Cash
3.72%
Cap Rate
0.6
DSCR
$1,916
Rent
-$807
Cashflow
Cash Flow
$1,916 income − $2,723 expenses = $807 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,916
Total Expenses
$2,723
Mortgage P&I
93%
$1,776
Property Taxes
17%
$327
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0