This property looks like a bad Long-Term investment with a projected -5.1% first-year return on $72,051 initial cash invested.
-5.1%
Cash On Cash
6.06%
Cap Rate
0.91
DSCR
$2,543
Rent
-$306
Cashflow
Cash Flow
$2,543 income − $2,849 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,051
Downpayment
20%
$68,620
Closing costs
1%
$3,431
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,543
Total Expenses
$2,849
Mortgage P&I
75%
$1,911
Property Taxes
6%
$155
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0