This property looks like a bad Long-Term investment with a projected -18.54% first-year return on $72,429 initial cash invested.
-18.54%
Cash On Cash
3.04%
Cap Rate
0.46
DSCR
$1,839
Rent
-$1,119
Cashflow
Cash Flow
$1,839 income − $2,958 expenses = $1,119 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,429
Downpayment
20%
$68,980
Closing costs
1%
$3,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,839
Total Expenses
$2,958
Mortgage P&I
103%
$1,901
Property Taxes
25%
$451
Home Insurance
7%
$128
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0