This property looks like a bad Long-Term investment with a projected -11.42% first-year return on $72,114 initial cash invested.
-11.42%
Cash On Cash
4.4%
Cap Rate
0.69
DSCR
$2,506
Rent
-$686
Cashflow
Cash Flow
$2,506 income − $3,192 expenses = $686 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,114
Downpayment
20%
$68,680
Closing costs
1%
$3,434
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,506
Total Expenses
$3,192
Mortgage P&I
73%
$1,821
Property Taxes
24%
$598
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0