This property looks like a bad Long-Term investment with a projected -12.54% first-year return on $72,030 initial cash invested.
-12.54%
Cash On Cash
3.81%
Cap Rate
0.63
DSCR
$1,991
Rent
-$753
Cashflow
Cash Flow
$1,991 income − $2,744 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,030
Downpayment
20%
$68,600
Closing costs
1%
$3,430
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,991
Total Expenses
$2,744
Mortgage P&I
88%
$1,743
Property Taxes
18%
$361
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0